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The Dow Jones Industrial Average advanced on Friday as the major U.S. averages headed for weekly gains.
The 30-stock index rocketed 426.16 points, or 1%, to 44,296.51.
The S&P 500 index gathered 20.63 points to 5,969.74.
The NASDAQ Composite recovered 31.23 points to 19,003.65.
All three major averages were on track to end the week higher by more than 1%, marking a turn from last week, when Wall Street’s postelection rally stalled.
Shares of Gap jumped more than 3% after the company beat earnings estimates and hiked its full-year sales guidance.
Elsewhere, investors kept an eye on bitcoin as it neared the long-awaited milestone of $100,000.
Prices for the 10-year Treasury fell, raising yields back to Thursday’s 4.42%. Treasury prices and yields move in opposite directions.
Oil prices gained $1.05 to $71.15 U.S. a barrel.
Prices for gold hiked $32.70 an ounce to $2,707.60U.S.
