S&P 500 Posts Best Gain in Three Weeks; Oil Jumps: Markets Wrap
- Risk appetite returns as equities climb after volatile week
- European and Asian stocks climb; Bitcoin rises toward $54,000
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U.S. stocks rose to an all-time high on optimism over the vaccine rollout and after the Federal Reserve freed banks from restrictions on dividends. Oil gained as the dollar slumped.
The S&P 500 Index climbed the most in three weeks amid a late-day surge and ended at a record, with energy producers and health companies among the best performers Friday. Automakers retreated as they confront a worsening global shortage of semiconductors.