S&P 500, Nasdaq post biggest weekly gains since early Nov

The Dow Jones Industrial Average rose 92.38 points, or 0.3%, to 31,148.24, the S&P 500 gained 15.09 points, or 0.39%, at 3,886.83 and the Nasdaq Composite added 78.55 points, or 0.57%, at 13,856.30.For the week, the S&P 500 gained 4.65%, the Nasdaq added 6.01% and the Dow increased 3.89%. The small-cap Russell 2000 index rose 7.7% for the week, its biggest weekly percentage gain since the week ended June 5.

NEW YORK: U.S. stocks extended their recent rally on Friday and the S&P 500 and Nasdaq indexes scored their biggest weekly percentage gains since the U.S. elections in early November, boosted by optimism over earnings, stimulus talks and progress on vaccine rollouts.

Both the Dow Jones industrial average and S&P 500 rose for a fifth straight session in their longest streak of gains since August, while the S&P 500 and Nasdaq posted record closing highs for a second day in a row.