U.S. stocks rose Friday to clinch weekly gains as investors monitored the prospects for another round of fiscal stimulus from Congress, with President Donald Trump, once again, saying he was open to a broader package. The S&P 500 rose 0.9% to 3,477.13. The Dow Jones Industrial Average advanced 161.39 points, or 0.6%, to 28,586.90, based on preliminary numbers. The Nasdaq Composite gained 1.4% to end at 11,579.94. For the week, the S&P 500 was up 3.8%, the Dow rose 3.3%, and the Nasdaq climbed 4.6%. The S&P 500 and Nasdaq enjoyed their best week since July, while the Dow had its biggest weekly gain since August. Investors also saw some corporate deal-making after The Wall Street Journal reporting that Advanced Micro Devices Inc. (AMD) was in talks to buy rival chip maker Xilinx Inc. (XLNX)
-Sunny Oh; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
October 09, 2020 16:09 ET (20:09 GMT)
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