NEW YORK (AP) — Stocks rallied to records on Wall Street Friday, and the Dow Jones Industrial Average closed above the 35,000 level for the first time, as the market continued to roar back from its short-lived swoon at the start of the week. The S&P 500 index climbed 44.31, or 1%, to 4,411.79 to top its prior all-time high, set early last week. The Dow rose 238.20, or 0.7%, to 35,061.55, and the Nasdaq composite gained 152.39, or 1%, to 14,836.99. All three indexes finished with gains of better than 1% for the week, completely brushing aside the sharp downturn that trimmed 1.6% off the S&P 500 on Monday. That drop was caused by worries about a potentially sharp slowdown in the economy due to a fast-spreading variant of the coronavirus.
Stocks rally on Wall Street
