The Dow Jones industrial average closed above 11,000 for the first time in five months Friday as hopes built that the Federal Reserve will take more action to get the economy going again. A weaker jobs report added to a series of tepid economic indicators in recent weeks that have built expectations that the Fed will announce new steps to encourage borrowing when it meets in early November.
The Dow Jones industrial average rose 57.90, or 0.5 percent, at 11,006.48.
The Standard & Poor's 500 index rose 7.09, or 0.6 percent, to 1,165.15.
The Nasdaq composite index rose 18.24, or 0.8 percent, to 2,401.91.
For the week:
The Dow is up 176.80, or 1.6 percent.
The S&P is up 18.91, or 1.6 percent.
The Nasdaq is up 31.16, or 1.3 percent.
For the year:
The Dow is up 578.43, or 5.5 percent.
The S&P is up 50.05, or 4.5 percent.
The Nasdaq is up 132.76, or 5.9 percent.