Wall Street took a breather Friday after a blistering rally that gave the market its biggest weekly gain since April and indicated investors see plenty of benefits from more gridlock in Washington. The S&P 500 inched down by 1.01 point, or less than 0.1 perent, at 3,509.44, leaving its blockbuster gain for the week at 7.3 percent. This week’s gains for stocks more than made up the sharp losses from the prior week, when all the uncertainty around the election helped send markets tumbling. The Nasdaq composite edged up by 4.30 points, or less than 0.1 percent, at 11,895.23. For both the Dow and S&P 500, Friday’s tiptoe lower was their first loss of the week.-AP

Source: The Standard November 07, 2020 05:26 UTC