U.S. stocks rose on Friday and posted gains for the week, helped by a surge in Boeing shares, President Donald Trump’s plan to reopen the coronavirus-battered economy and hopes of a potential drug by Gilead to treat COVID-19.
The Nasdaq rose 6.1% for the week and registered its biggest two-week percentage gain since 2001.
Boeing RSI shares soared nearly 15% on plans to restart commercial jet production in Washington state after halting operations last month due to the COVID-19 pandemic.
Some U.S. states were expected to announce timetables for lifting restrictions, a day after Trump outlined guidelines for a phased reopening of the devastated U.S. economy.


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