Stocks climbed on Friday as traders wrapped up a strong week amid decreasing political uncertainty and positive vaccine news.
The Dow Jones Industrial Average traded higher by 68 points, or 0.3 percent. The S&P 500 gained by 0.3 percent and the Nasdaq Composite advanced by 0.6 percent, CNBC reports.
The Cboe Volatility Index (VIX), Wall Street’s preferred fear gauge, dipped below 20 for the first time since late February.
The Dow, S&P 500 and Nasdaq were all up at least 2 percent for the week entering Friday’s session. Earlier in the week, the Dow jumped to an all-time high, breaking above 30,000 for the first time. The S&P 500 also notched a record closing high this week, and the Russell 2000 rallied to an all-time high.