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Dow Soars 300+, on Way to Weekly Gain


The Dow Jones Industrial Average advanced on Friday as the major U.S. averages headed for weekly gains.

The 30-stock index rocketed 328.22 points to 44,198.57.

The S&P 500 index gathered 17.31 points to 5,964.75.

The NASDAQ Composite slid 0.18 points to 18,972.24.

All three major averages are on track to end the week higher by more than 1%. That marks a turn from last week, when Wall Street’s postelection rally stalled.

Shares of Gap jumped more than 3% after the company beat earnings estimates and hiked its full-year sales guidance.

Elsewhere, investors kept an eye on bitcoin as it neared the long-awaited milestone of $100,000.

Prices for the 10-year Treasury regained some strength, lowering yields to 4.41% from Thursday’s 4.42%. Treasury prices and yields move in opposite directions.

Oil prices gained 76 cents to $70.86 U.S. a barrel.

Prices for gold hiked $31.90 an ounce to $2,706.86 U.S.



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