Stocks closed broadly higher on Wall Street Friday as investors latched onto strands of hope about progress in the fight against the coronavirus.
Financial, industrial and technology stocks led the way as the S&P 500 soared to its first back-to-back weekly gains since the pandemic triggered a sell-off in February. Investors are focusing on the possibility of a reopening economy rather than dismal economic data.
The S&P 500 index rose 75.01 points, or 2.7%, to 2,874.56.
The Dow Jones Industrial Average gained 704.81, or 3%, to 24,242.49.