How the major stock indexes fared Thursday

AP News
Posted: May 19, 2011 5:47 PM
How the major stock indexes fared Thursday

The biggest Internet IPO since Google combined with a drop in oil prices to send the broad stock market higher.

Shares of social networking company LinkedIn jumped 109 percent to $94.25 on the first day they began trading on the New York Stock Exchange under the ticker symbol "LNKD." The debut is seen as a preview of other social networking sites that are expected to start trading during the next year. Despite LinkedIn's gains, concerns about the economy weighed on the market again Thursday.

The Dow Jones industrial average added 45.14 points, or 0.4 percent, to close at 12,605.32.

The S&P index rose 2.92, or 0.2 percent, to 1,343.60.

The Nasdaq composite gained 8.31, or 0.3 percent, to 2,823.31.

For the week:

The Dow is up 9.57, or 0.1 percent.

The S&P is up 5.82, or 0.4 percent.

The Nasdaq is down 5.16, or 0.2 percent.

For the year to date:

The Dow is up 1,027.81, or 8.9 percent.

The S&P is up 85.95, or 6.8 percent.

The Nasdaq is up 170.44, or 6.4 percent.