U.S. equities closed mostly higher on Friday, with the three major indexes posting their best weekly gains of the year on the back of a surprise Republican sweep.
“I think you’re seeing a transition from a government that had its thumb on growth to a free economy,” said Bruce Bittles, chief investment strategist at Baird. “We’re now looking at an economy that can reach its full potential.”
The Dow Jones industrial average closed about 37 points higher, with Goldman Sachs contributing the most gains. For the week, the Dow rose around 5.4 percent, marking its best weekly performance since December 2011.
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