Stocks finished a down week with modest gains Friday as investors gauged the fallout from a massive earthquake that struck off the coast of Japan and triggered tsunami waves from Asia to California. The prospect of falling oil demand from Japan sent crude oil prices down to $101 a barrel. Industrial and materials companies rose on expectations that they will benefit from Japan's rebuilding efforts.
The Dow Jones industrial average gained 59.79 points, or 0.5 percent, to 12,044.40.
The S&P 500 rose 9.17, or 0.7 percent, to 1,304.28.
The Nasdaq composite gained 14.59, or 0.5 percent, to 2,715.61.
For the week:
The Dow is down 125.48, or 1 percent.
The S&P is down 16.87, or 1.3 percent.
The Nasdaq is down 69.06, or 2.5 percent.
For the year to date:
The Dow is up 466.89, or 4 percent.
The S&P is up 46.64 or 3.7 percent.
The Nasdaq is up 62.74, or 2.4 percent.