Wall Street's main indexes rose, setting the S&P 500 and the Nasdaq for a fourth straight week of gains.
For the week, the S&P 500 added 3.25%, the Dow rose 2.92% and the Nasdaq gained 3.8%.
As the S&P 500 and Nasdaq posted their longest weekly winning streaks since November, analysts noted the Federal Reserve still has its work cut out as it seeks to tame inflation by aggressively raising interest rates without sparking a recession. "A victory lap in some respects was in order, but it's not 'mission accomplished' by any means. It's still a very slow grind ahead."Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020.
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