Best week for Dow since April

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A pedestrian wearing a surgical mask and gloves walks past the New York Stock Exchange in New York.

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.

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