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Stocks open higher; S&P 500 heading for a big weekly gain

2 years 1 day 20 hours ago Friday, February 05 2021 Feb 5, 2021 February 05, 2021 8:58 AM February 05, 2021 in News
Source: Associated Press

Stocks are opening higher on Wall Street, keeping the S&P 500 on track for its biggest weekly gain since November.

The benchmark index was up 0.4% early Friday. The gains came even after the government reported the latest grim figures on the economy, a gain of just 49,000 jobs last month.

Investors remain hopeful that continuing vaccinations will help the economy get on a more even footing over time.

They’re also hopeful that more help for the economy is on the way from Washington.

Overnight the Senate narrowly passed a measure that will fast-track aid.

Treasury yields rose again.

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