Dow, S&P 500 on track for biggest weekly gains since week of U.S. election

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Major U.S. stock indexes were on course to post strong weekly gains in late-afternoon trading Friday, with the Dow Jones Industrial Average leading the way up.

The Dow was on pace to rise 3.8% this week, while the S&P 500 was on track to advance 3% and the technology-heavy Nasdaq Composite was heading for a 2.5% gain, according to FactSet data, at last check.

The Dow and S&P 500 were heading for their best week since the stretch ending Nov. 8, when stocks rallied after Donald Trump won the U.S. election, FactSet data show.