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The Nasdaq jumped more than 1% on Friday, powered by strong earnings from some of the largest U.S. companies, but the Dow and S&P finished with smaller gains as uncertainty about the government’s next round of coronavirus aid kept economic worries on the radar.

The Dow Jones Industrial Average rose 114.67 points, or 0.44%, to 26,428.32, the S&P 500 gained 24.9 points, or 0.77%, to 3,271.12 and the Nasdaq Composite added 157.46 points, or 1.49%, to 10,745.28.

The White House and Democrats were still negotiating on coronavirus relief aid, but not yet on a path toward reaching a deal, according to House of Representatives Speaker Nancy Pelosi, hours before the expiration of a federal unemployment benefit.

U.S. deaths from COVID-19 appeared to be rising at their fastest rate since early June, and the Midwest looked like the current epicenter of the pandemic.

Still, the S&P notched its fourth weekly gain in the past five and fourth straight month of gains, with lift from massive fiscal and monetary stimulus measures to buttress the U.S. economy during the pandemic.

For the week, the S&P gained 1.73%, the Dow shed 0.15% and the Nasdaq climbed 3.69%. For the month, the S&P rose 5.52%, the Dow advanced 2.39% and the Nasdaq rallied 6.83%.

Reference: Reuters