According to CNBC:

Stocks are coming off a massive three-day surge that’s set the S&P 500 up for its best week since November 2020. The broad market index is up more than 4% for the week, while the tech-heavy Nasdaq Composite has advanced more than 5% this week and is headed for its best week since February 2021.

Meanwhile, the blue-chip Dow is going for its fifth up day in a row. It’s risen 4.3% for the week and is also on track for its biggest weekly gain since November 2020.

Stocks took a breather Friday as investors continued to digest the news from the Federal Reserve earlier this week, as well as the ongoing war between Russia and Ukraine and a rise in Covid cases in Europe stemming from an emerging subvariant.

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