Markets in Asia were mixed on Friday, with the Shanghai Composite falling 1.0 percent but the Nikkei 225 rising 0.8 percent.
Most major markets in the rest of the world were closed for holidays.
The S&P 500 surged 12.1 percent earlier in the week, its biggest weekly gain since 1974.
The rally in stocks came amid signs that the COVID-19 outbreak in the US may be approaching a peak. From CNN:
The latest version of an influential model tracking the coronavirus pandemic estimates the US will see peak daily death numbers on Friday instead of Sunday.
The peak use of resources -- like hospital beds and ventilators -- will be on or around Saturday as suggested earlier this week, according to the Institute for Health Metrics and Evaluation at the University of Washington in Seattle.
Meanwhile, the number of deaths linked to COVID-19 reached 100,000 on Friday as the tally of cases passed 1.6 million, according to a Reuters tally.
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