Stocks rally worldwide, lifted by hopes for virus progress
NEW YORK (AP) — Stocks are rallying to a higher close Friday as investors latch onto strands of hope about progress in the fight against the coronavirus. The S&P 500 soared to its first back-to-back weekly gains since the pandemic triggered a sell-off in February. Investors are focusing on the possibility of a reopening economy rather than dismal economic data. Optimists point to infections leveling off in some hard-hit areas. That raises the possibility that parts of the economy could reopen, even if it’s not tomorrow, and an eventual pickup in profits.
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