WASHINGTON: Stocks recovered ground on Friday despite concerns about economic growth amid rising COVID-19 cases, which continued to take its toll on oil prices.
The Dow Jones Industrial Average ended up 0.65%, while the S&P 500 gained 0.81% and the Nasdaq Composite added 1.19%. However, all three indices ended with weekly losses following a steep mid-week sell-off after Federal Reserve meeting minutes underlined the U.S. central bank's plans to pare back stimulus by year's end.
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