The S&P 500 and the Dow Jones Industrial Average booked record closes for a second day in a row, while the Nasdaq Composite saw some selling as a rise in yields for government debt continue to push investors out of highflying, growthy stocks and into those that are expected to perform better during a vaccine-induced rebound from the COVID-19 pandemic. The Dow DJIA, +0.90% closed up about 290 points on Friday, or 0.
9%, to post a record finish at around 32,777, while the S&P 500 index closed at its own all-time high at 3,934, up 0.1%. The Nasdaq Composite Index COMP, -0.59%, however, finished down 0.6% to 13,319. All finishing levels are on a preliminary basis. The moves for the equity benchmarks come as the 10-year Treasury note TMUBMUSD10Y, 1.626% moved up nearly 10 basis points to around 1.62%. For the week, the Dow closed up 4.1%, the S&P 500 booked a 2.
BUT THE DEBT!