Stocks rose on Friday after the Commerce Department said businesses are restocking inventory faster than had been expected. The news, 90 minutes after trading began, turned around what had been a down morning on Wall Street.
The gains were broad, and nine out of 10 sectors in the Standard & Poor's 500 index rose. Only energy stocks fell as a group, following oil and other energy prices lower.
The Dow Jones industrial average rose 93.24 points, or 0.8 percent, to close at 12,554.20.
The Standard & Poor's 500 index rose 10.67 points, or 0.8 percent, to 1,325.66.
The Nasdaq composite rose 27.40 points, or 1 percent, to 2,858.42.
For the week:
The Dow is up 435.63 points, or 3.6 percent.
The S&P 500 is up 47.62 points, or 3.7 percent.
The Nasdaq is up 110.94 points, or 4 percent.
For the year so far:
The Dow is up 336.64 points, or 2.8 percent.
The S&P 500 is up 68.06 points, or 5.4 percent.
The Nasdaq is up 253.27 points, or 9.7 percent.
Obama Apparently Thinks He's the 'Closest Thing to a Jew That Has Ever Sat in This Office’ | Leah Barkoukis
IRS Commissioner: Sorry Thieves Stole Your Personal Info From Us, But We Can't Really Protect You In The Future | Katie Pavlich
After TSA Fails 96 Percent of Tests, Obama Continues to Have Confidence in "Security" Agency | Katie Pavlich