By Paul Vigna and Caitlin Ostroff
U.S. shares rose Friday, with the S&P 500 notching its best week since November, as investors pivoted to focus on a possible new stimulus package and shook off some of the razzmatazz in individual stocks that marked the previous month of trading.
The Dow Jones Industrial Average gained 0.3% to 31148. The S&P 500 climbed 0.4%, hitting a record high for the second day in a row. The benchmark is up more than 4.6% this week, its biggest one-week gain since the week ending Nov. 6.
The tech-heavy Nasdaq Composite rose 0.6% to a record and also closed its best week since Nov. 6.
The heavily traded stocks at the center of a social-media spectacle have lost some of their steam. GameStop rose 19%, after falling by 30% or more for three of the previous four trading days. It’s down 80% for the week,