U.S. stocks surge on Friday amid G-20 talks and cement best week for S&P 500, Nasdaq in 8 years
U.S. stocks carved out solid gains on Friday after a U.S. official hinted that a trade deal between the U.S. and China would be struck at the G-20 meeting in Buenos Aires. The Dow Jones Industrial Average ended the session up about 170 points, or 0.7%, the S&P 500 closed up 0.8% and the Nasdaq Composite Index ended Friday up 0.8%. In company news, shares of Marriott International fell more than 5% after the company said it encountered a data breach that affected up to 500 million people. Next week, the Bureau of Labor Statistics will release the employment report for November. Economists polled by MarketWatch are expecting an increase of 201,000 jobs and for the unemployment rate to remain steady at 3.7%.