S&P 500 ends week at record highs as Biden-transition optimism overshadows virus surge

Business Insider Australia | Nov 27, 2020 at 7:06 PM
  • US equities rose on Friday as optimism about President-elect Joe Biden’s transition to the White House squared off with rising virus risks.
  • The fading of political uncertainties pulled market volatility to its lowest point since the pandemic froze economic activity in March.
  • The Cboe Volatility Index — or VIX, commonly referred to as the stock market’s “fear gauge” — fell as low as 19.51 on Friday amid the calm trading activity.