Encouraging news about how consumers feel about the economy and how much they're spending sent stocks higher on Friday. The strong showing in retail sales last month raised hopes that consumers are starting to feel more comfortable opening their wallets after months of building savings. Meanwhile, the preliminary Reuters/University of Michigan consumer sentiment index increased more than expected in December.
The Dow Jones industrial average rose 65.67, or 0.6 percent, to 10,471.50.
The Standard & Poor's 500 index rose 4.06, or 0.4 percent, to 1,106.41.
The Nasdaq composite index fell 0.55, or less than 0.1 percent, to 2,190.31.
For the week:
The Dow is up 82.60, or 0.8 percent.
The S&P is up 0.43, or less than 0.1 percent.
The Nasdaq is down 4.04, or 0.2 percent.
For the year:
The Dow is up 1,695.11, or 19.3 percent.
The S&P is up 203.16, or 22.5 percent.
The Nasdaq is up 613.28, or 38.9 percent.