Nasdaq, S&P 500 notch new highs as investors bank on vaccine
New York — U.S. stocks climbed to new heights on Friday during a shortened trading session, led by gains in technology companies that propelled the Nasdaq to a record-high close.
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FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) as the building prepares to close indefinitely due to the coronavirus disease (COVID-19) outbreak in New York
The S&P 500 also finished at an all-time high, scoring its third weekly gain in the past four weeks. Investors have been encouraged by progress in getting a coronavirus vaccine approved and distributed and hopefully halting the coronavirus pandemic’s grip on the global economy.

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“Alternating between ‘Walking on Sunshine’ and ‘Future’s so Bright I Gotta Wear Shades,’ the markets are looking forward to the impact of the vaccine and not at the high/rising Covid cases,” Paul Nolte, senior vice president at Kingsview