August 30th 2020
In U.S. stocks ended another week with solid gains. The Dow Jones Industrial Average rose 2.6% over the week to close at 28,653.87. The S&P 500 jumped 3.3 percent for the week to finish at 3,508.01. The broad index closed its fifth straight week of gains for the first time this year. The benchmark is also on pace for its best August since 1984 when the index gained 10.63%. The Nasdaq closed at 11,695.63 and advanced 3.4% over the past five days, its fifth straight positive week for the first time since January. Apart from utilities, all key S&P sectors ended in positive territory for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 23.