U.S. stocks flipped between small gains and losses Friday, but major benchmarks remained on track for weekly gains after the S&P 500 index and Nasdaq Composite each logged a record finish in the previous session.
Support for equities remains tied to expectations Congress will approve another round of aid spending closer to President Joe Biden’s $1.9 trillion proposal, as well as optimism over the continued rollout of COVID-19 vaccines and the falling pace of new cases. Biden on Thursday said the U.S. will have enough COVID-19 vaccine by the end of the summer to inoculate 300 million Americans.
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