The markets are closed today for Good Friday, but they don't need an extra day to post big gains for the week. The S&P 500 surged 12.1 percent on the week, marking its biggest one-week gain since 1974, when it rallied more than 14 percent.
Similarly, the Nasdaq had its best week since 2009, jumping 10.6 percent. The Dow rose more than 12 percent for one of its biggest weekly gains on record.
We are probably in for more economic difficulty in the weeks ahead, but this was a nice breather. And we've still got a long way to go: The Dow is up more than 27 percent from its March closing low, but still down 16.9 percent on the year.
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