Stocks rally to record highs, Nasdaq closes above 13,000 for the first time; European markets close higher after U.S. Congress confirms Biden election win; European markets log best week in around two months on recovery hopes, vaccine news 
Stocks closed at record highs on Friday to end the first trading week of the year as traders weighed the prospects of new fiscal aid as well as disappointing U.S. jobs data. The Dow Jones Industrial Average ended the day up 56.84 points, or 0.2%, at 31,097.97. The S&P 500 rose 0.6% to 3,824.68, and the Nasdaq Composite popped 1% to 13,201.98. Both the Dow and S&P 500 posted four-day winning streaks. Coca-Cola rose 2.2% to lead the Dow higher. 
The U.S. economy lost 140,000 jobs in December, the Labor Department said. Economists polled by Dow Jones expected a gain of 50,000. 

European markets closed higher Friday as global investors anticipated that a Democratic-controlled U.S. government will lead to greater fiscal support. The pan-European Stoxx 600 climbed 0.5%, with tech stocks jumping 2.4% to lead gains while autos bucked the trend to slide 0.6%. Germany’s DAX index notched a new record high on Friday morning. 
Credit Suisse on Friday projected a net loss for the fourth quarter on the back of an $850 million provision for a long-running dispute in the U.S. over a residential mortgage-backed security. The Swiss lender’s shares were down 3.6% during afternoon trade.In terms of individual share price action, Sodexo shares gained more than 10% after the French catering group reported stronger-than-expected quarterly results and upgraded its outlook. 
German semiconductor company Infineon Technologies climbed 6.7% after peer Samsung Electronics offered an upbeat outlook. 
At the bottom of the European blue chip index, Anglo-German travel operator Tui plunged 20% after announcing a 545 million euro ($666.3 million) capital raise to shore up its finances. 
Source: CNBC, Ilirika