Stocks closed out a winning week with their fifth gain in a row Friday and their biggest weekly increase since November. The S&P 500 rose 0.4% and ended the week 4.6% higher. Small-company stocks rose far more than the rest of the market, a sign that investors are feeling more optimistic about the economy. Treasury yields also rose. The market has been heading higher since the beginning of the month as hopes build that Washington will come through with more support for the economy, and that the steady rollout of vaccines will get on a more even footing over time.
The S&P 500 rose 15.09 points, or 0.4%, to 3,886.83.
The Dow Jones Industrial Average rose 92.38 points, or 0.3%, to 31,148.24.