Wall Street closes out its biggest weekly gain since April
NEW YORK (AP) — Wall Street paused Friday after a furious four-day rally gave the market its biggest weekly gain since April. Investors are anticipating that the election this week will result in more partisan gridlock in Washington, keeping business-friendly policies in place. The S&P 500 fell one point but held on to a blockbuster weekly gain of 7.3%. The election has yet to produce a winner in the presidential race, although Democrat Joe Biden has edged closer to victory. Control of the Senate was also up for grabs. Treasury yields rose after a report that showed employers hired more workers than expected last month.
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