Dow, S&P 500 close at records to book solid weekly gains

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U.S. stocks finished higher on Friday, capping a week of gains for major equity benchmarks as investors took comfort in dovish comments from senior Federal Reserve officials throughout this week. The S&P 500 gained 0.8% to finish near 4,129. The Dow Jones Industrial Average advanced 0.9% to end around 33,803, based on preliminary numbers. The S&P 500 and Dow set an intraday record and finished at an all-time high on Friday. The Nasdaq Composite rose 0.5% to end at 13,900. For the week, the S&P 500 gained 2.7%, the Dow rose 2%, and the Nasdaq added 3.1%. Fed Vice Chairman Richard Clarida said on Friday any rise in inflationary was unlikely to last, adding to the impression that the Fed was likely to look past the expected surge in price pressures this year. Amazon.com Inc. (AMZN) shares rose after the e-commerce giant defeated a unionization effort by workers at one of its warehouses in Alabama.

-Sunny Oh; 415-439-6400; AskNewswires@dowjones.com

 

(END) Dow Jones Newswires

04-09-21 1603ET

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