5/7, 10:00 PM (Source: TeleTrader)
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Dow, S&P close at record highs on recovery hopes

Wall Street closed deep in the green on Friday with the Dow Jones and the S&P ending the week at new record-highs boosted by accelerated economic recovery as well as a continued drop in new COVID-19 cases.

Earlier today, Pfizer and BioNTech applied for full authorization of their COVID-19 vaccine with the Food and Drug Administration for all people older than 16. Looking at the next week, another batch of major earnings is scheduled to be released.

The Dow Jones surged 0.66% or 229 points at the closing bell, setting a new record high led by Nike's growth of 3.24%. The S&P 500 rose 0.74% to also end at its new record, as Centene Corp. advanced 8.05%. The Nasdaq 100 soared 0.78% to 105 points, with Match Group jumping 4.45%. The euro gained 0.83% against the dollar to trade for 1.21657.

Breaking the News / ND