Stocks inch higher Friday, closing out a positive week
U.S. stocks finished marginally higher on Friday to set another round of record closes.
The Dow Jones Industrial Average added 27.7 points, or 0.1%, for a new all-time high. The S&P 500 and the Nasdaq Composite both rose 0.5%.
The major averages finished with modest gains for the week, as the strong rally to begin February has taken a slight breather. The blue-chip Dow posted two little changed days this week, while the S&P 500 fluctuated within 0.2% for three days in a row.
The S&P 500 finished the week with a gain of 1.2%, while the Dow added 1%. The tech-heavy Nasdaq rose 1.7%.
President Joe Biden said Thursday his administration has secured deals for another 200 million doses of Covid-19 vaccine from Moderna and Pfizer, bringing the U.S. total to 600 million. He added the U.S. will have enough supply for 300 million Americans by end of July.
Reference: CNBC
Thai
Eng