Here's what happened to the stock market on Friday

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A pedestrian wearing a surgical mask and gloves walks past the New York Stock Exchange in New York.

Kevin Hagen | AP

Dow Jones Industrial Average falls 8 points

Best week for Dow since April

For the week, the Dow surged 3.29% to post its best weekly performance since April 9. The S&P 500 and Nasdaq also had strong gains this week. Wall Street got a boost this week from optimism around a potential coronavirus vaccine and the U.S. reopening its economy. On Friday, Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, told NPR that Moderna’s vaccine data looked “promising.” Facui later told CNBC’s “Halftime Report” he is “enthusiastic” about the economy reopening. 

Chevron, Caterpillar and JPMorgan cap Dow

What happens next?

U.S. markets will be closed on Monday for the Memorial Day holiday.

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