Stocks rallied at the opening bell on Friday, with Wall Street aiming to build on gains for a 4th consecutive session after another batch of strong earnings, which helped push the Dow within view of its record high above 35,000.

On Thursday, stocks notched slim gains in rangebound trading, but managed to stretch an improbable win streak into a third day, as traders struggled to decipher the meaning behind a surprise rise in unemployment.

The head-spinning reversal from Monday’s drubbing to Thursday mini-rally was part of the market’s attempt to calibrate a resurgence of COVID-19 cases against a red-hot economic expansion that continues to gain momentum. Even amid the turmoil and uncertainty, the major benchmarks are within striking distance of record highs set just over a week ago.

Sentiment took a hit after data Thursday showed an unexpected jump in jobless claims, which last week set a fresh pandemic-era low. New unemployment filings…

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