Stocks open higher as S&P 500 and Dow look to notch weekly gains

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U.S. stocks rose at the start of Friday’s session as Wall Street looks to put a cap on a turbulent week of trading that saw a rebound in the least-favored stocks during the pandemic at the expense of so-called growth shares. The S&P 500 rose 0.7% to 3,561. The Dow Jones Industrial Average advanced 191 points, or 0.7%, to 29,272. The Nasdaq Composite gained 0.6% to 11,780. The S&P 500 and Dow are still on track to end the week with gains, but investor concerns remain around the COVID-19’s worsening trajectory. Cisco Systems Inc. shares surged after the maker of network services’s quarterly results and outlook topped Wall Street estimates.
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