Dow ends more than 700 points higher as stocks log second week of gains
Stocks ended with strong gains Friday, cementing a positive week, as investors appeared to take comfort in a report that a COVID-19 treatment showed promise and the White House outlined a plan to begin reopening parts of the economy. The Dow Jones Industrial Average ended around 705 points higher, up 3%, near 24,242, according to preliminary figures, while the S&P 500 advanced around 75 points, or 2.7%, to close near 2,875. The Nasdaq Composite gained 118 points, or 1.4%, finishing near 8,650. The gains left the Dow up 2.2% for the week, while the S&P 500 rose 3% and the Nasdaq advanced more than 6%. Boeing Co. helped lift the Dow, with shares rising 14.7% after the company said it would slowly resume production. The bounce turned shares positive for the week, leaving them with a 1.4% gain. Boeing shares have fallen nearly 53% in the year to date.