On Friday, U.S. stocks soared around the board, with Apple up more than 8% this week and Google up more than 6%

The three big U.S. stock indices climbed around the board on Friday, US time, with the Dow Jones Index and the Standard & Poor’s 500 Index setting new highs. US stocks grew sharply this week, fueled by growing optimism about the economy’s resumption.

The Dow Jones Index reached a new high of 33,800.60 points, an improvement of 297.03 points, or 0.89 percent; the Standard & Poor’s 500 Index reached a new high of 4128.80 points, an increase of 0.77 percent, reaching a new high for the third trading day; and Nasdaq, which is dominated by technology securities, reached a new high of 4128.80 points, an increase of 0.77 percent. The Daq Composite Index rose 0.51 percent to 13,900.19 points.

The Dow Jones index is up 2% this week, while the S&P 500 is up around 2.7 percent, marking its best weekly showing since early February. The Nasdaq index gained 3.1 percent over the same time frame, as big technology companies rallied. This week, Apple’s stock price has increased by more than 8%, while Amazon and Alphabet’s stock prices have also increased by more than 6%.

Tesla was down 0.99 percent, Weilai was down 1.50 percent, Xiaopeng was down 2.71 percent, and ideally was down 2.02 percent. Didi Chuxing will raise $1.5 billion in debt funding to prepare for its large-scale IPO in the United States, according to international media outlets. There are also rumors that the company expects to file a classified listing application in the United States later this month, with Goldman Sachs and Morgan Stanley serving as underwriters.

The US Producer Price Index (PPI), which calculates wholesale price inflation, rose sharply in March, according to reports. The PPI in the United States increased 1.0 percent month over month in March, compared to a 0.4 percent rise predicted by economists polled by Dow Jones.

In March, the PPI in the United States increased by 4.2 percent year over year, the highest growth in more than 9 years.

Bleakley Consulting Group’s Chief Investment Officer, Peter Boockvar, said: “Inflation is still on the increase. We’ll find out how major firms are next week when the CPI (Consumer Price Index) data is published. Inflation is being passed on to customers to some degree, and this trend is just getting started.”

The 10-year US Treasury bond yield rose marginally to 1.66 percent after the PPI data was posted. Treasury rates in the United States dropped from recent highs earlier this week.

Price turnover has decreased dramatically as the Standard & Poor’s 500 Index continues to climb and set new record levels. For the eighth trading day in a row, the Cboe Volatility Index (VIX), which tests the severity of Wall Street panic, has slipped below the 20-point mark. The VIX index plunged below 17 on Friday.

On Thursday, Fed Chairman Powell said that the US economic recovery following the outbreak was “unbalanced,” meaning that a stronger recovery is needed.