Dow Jones| Nasdaq | US Stock Market Today | Live: Dow surges 500 pts as market nears end of record-breaking week

The Dow Jones Industrial Average surged over 500 points on Friday, nearing the end of a record-breaking week. The market rally was driven by optimism surrounding a potential COVID-19 vaccine and strong corporate earnings.

The Dow Jones closed the week up over 4,000 points, its best weekly performance since 1938. The S&P 500 also posted its best week since June 2009.

The market's gains come as the U.S. continues to grapple with rising COVID-19 cases and as negotiations over a new stimulus package remain at a standstill.