Kevin Hagen | AP
Dow Jones Industrial Average drops 8 points
Best week for Dow since April
For the week, the Dow Jones jumped 3.29% to post its best weekly performance since April 9. The S&P 500 and the Nasdaq also posted solid gains this week. Wall Street got a boost this week thanks to optimism about a potential coronavirus vaccine and the US’s reopening of its economy. On Friday, Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, told NPR that Moderna’s vaccine data looked “promising”. Facui later told CNBC “Halftime Report” that he was “enthusiastic” about the reopening of the economy.
Chevron, Caterpillar and JPMorgan cap Dow
What happens next?
The American markets will be closed on Monday for the Memorial Day holidays.
To subscribe to CNBC PRO for exclusive news, insights and live business day programs from around the world.