India, May 2 -- Stocks moved sharply higher during trading on Friday, with the major averages reaching their best closing levels in a month. The S&P 500 closed higher for the ninth consecutive session, marking its longest winning streak in over twenty years.
The major averages pulled back off their best levels late in the session but still posted strong gains. The Nasdaq surged 266.99 points or 1.5 percent to 19,977.73, the S&P 500 shot up 82.53 points or 1.5 percent to 5,686.67 and the Dow jumped 564.47 points or 1.4 percent to 41,317.43.
For the week, the tech-heavy Nasdaq soared by 3.4 percent, while the Dow and the S&P 500 spiked by 3.0 percent and 2.9 percent, respectively.
The rally on Wall Street came following the release of a cl...