S&P 500 and Nasdaq weekly win streaks continue | Dow erases 2020 losses | Sanofi confident on coronavirus vaccine

Make it five weeks in a row for the S&P 500 and Nasdaq Composite.

VIEW IN BROWSER | SUBSCRIBE FRI, AUG 28, 2020 EVENING BRIEF AS OF FRI, AUG 28, 2020 • 04:45 ET DJIA 28653.87 +0.57% +161.60 S&P 500 3508.01 +0.67% +23.46 NASDAQ 11695.63 +0.60% +70.30   Most Active DOW NAME LAST CHG %CHG AAPL 499.23 -0.81 -0.16% INTC 50.43 +1.03 +2.08% XOM 40.69 +0.95 +2.39% S&P 500 NAME LAST CHG %CHG GE 6.61 +0.13 +2.01% AAL 13.59 +0.31 +2.33% CCL 17.21 +1.09 +6.76% NASDAQ NAME LAST CHG %CHG AAL 13.59 +0.31 +2.33% AAPL 499.23 -0.81 -0.16% AMD 85.55 +1.75 +2.09%   EDITOR'S NOTE Make it five weeks in a row for the S&P 500 and Nasdaq Composite.   Both market benchmarks ended Friday's session with weekly gains of more than 3% and notched their fifth consecutive weekly advances. This marks the S&P 500's first five-week winning streak since late 2019. It's also the longest run for the Nasdaq since a six-week win streak that ended in January.   "For now, stocks seem to be enjoying the best of both worlds as they are seeing signs of improving economic momentum while monetary stimulus continues to be very accommodative – and more fiscal stimulus is likely on the way," Yousef Abbasi, global market strategist at StoneX, said in a note.  This week's gains were driven in part by some of the major tech names. Facebook, Amazon, Netflix, Alphabet and Microsoft were all sharply higher. Bank stocks contributed to the week's rally as Treasury yields rose on the back of a major inflation policy change from the Federal Reserve. JPMorgan Chase, Bank of America and Citigroup all climbed more than 5% week to date. Next week could be a tough one for investors as Wall Street braces for the August jobs report release.   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Fred Imbert | CNBC Markets Reporter @foimbert TOP NEWS  Dow closes more than 150 points higher to erase its 2020 losses Stocks start September in high gear as Apple and Tesla split, and markets await the August jobs report It's been a month since the extra $600 per week in enhanced unemployment benefits expired. Here's where things stand now Space Force boldly goes to Silicon Valley to get a Star Trek-flavored software boost Fed's Bullard says the recession is over but rates will 'stay low for a long time' Zuckerberg says Facebook's failure to remove Kenosha militia page was 'an operational mistake' CDC director says there will likely be a limited supply of coronavirus vaccines Nearly 200 current and former Uber employees sue over stock price decline since IPO JPMorgan says tech stocks are not 'bullet proof' and advises investors to hedge against risks What the history of the Dow can tell us about its next move   TOP VIDEO Acquiring TikTok makes strategic sense for Walmart, would send stock higher: Retail analyst   CNBC PRO JPMorgan says tech stocks are not 'bullet proof' and advises investors to hedge against risks   SPECIAL REPORTS What the history of the Dow can tell us about its next move California's Newsom deploys new coronavirus reopening framework, most counties under strict orders   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS