Friday was a good day on Wall Street, as the stock market moved higher even in the face of huge challenges. Between the presidential transition in Washington, the COVID-19 pandemic, and tough economic and business conditions throughout much of the world, market participants nevertheless proved to be resilient. The Dow Jones Industrial Average (DJINDICES: ^DJI) climbed almost 400 points, but it was the S&P 500 (SNPINDEX: ^GSPC) that found itself at an all-time high. Today's stock market Index Percentage Change Point Change Dow +1.37% +400 S&P 500 +1.36% +48 Nasdaq Composite +1.02% +120 Data source: Yahoo! Finance. Among S&P 500 stocks, there was a lot of excitement about the potential for the U.S. and global economies to rebound completely after the coronavirus crisis is complete. That showed up both in some of the most closely followed industries lately as well as some long-neglected areas. Some clear winners In general, thebiggest gains among S&P 500 stocks came from the travel industry. Topping the list were hotels and casinos, with MGM Resorts International (NYSE: MGM) and Host Hotels & Resorts (NYSE: HST) leading the way. Wynn Resorts (NASDAQ: WYNN) wasn't too much further behind. Image source: Getty Images. Obviously, the pandemic has been terrible for hotels and resorts. Many people have given up traveling entirely, and even those willing to brave the pandemic have sometimes been thwarted by restrictions on travel and entertainment opportunities. These companies have gotten a sense of what a return to normal might look like in recent months, but the big open question is whether the winter will allow them to gain more momentum or bring back the terrible conditions of the spring. Elsewhere, cruise ship operators were up across the board, led by a 7% rise for S&P component Carnival (NYSE: CCL). Delta Air Lines (NYSE: DAL) managed to pick up 6% amid growing optimism that air travel might prove safe enough to ease concerns among even more uncertain would-be travelers. Looking more energetic What might have come as a bigger surprise was strength in the energy sector. Oil prices were down more than 2%, and crude just barely held above the key $40 per barrel mark. However, there was a huge pocket of strength in the refining category. Marathon Petroleum (NYSE: MPC), Valero Energy (NYSE: VLO), Phillips 66 (NYSE: PSX), and HollyFrontier (NYSE: HFC) were all up 7% to 8%. Just as with their views on travel stocks, investors are hopeful that oil refining companies will benefit from rising demand for energy products. Those companies see some direct benefits from selling products like jet fuel to airlines, but the biggest driver is gasoline and diesel fuel, and a full recovery would be extremely helpful for refiners to see conditions in that part of the energy sector get back to normal. Hope springs eternal With people having so many things to worry about, the stock market's record close was a welcome surprise for many investors. Plenty of questions remain, but for now, the market seems to be taking a long-term view of the future. 10 stocks we like better than MGM Resorts InternationalWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and MGM Resorts International wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool recommends Carnival and Delta Air Lines. The Motley Fool has a disclosure policy.Source