Better news on the job market and home sales sent stocks higher on Wall Street. The four-week average of unemployment claims fell to a three-and-a-half-year low, an indication that hiring could pick up. Also, the number of Americans who signed contracts to buy homes in November rose more than 7 percent to the highest level in a year and a half.
The Dow Jones industrial average rose 135.63 points, or 1.1 percent, to 12,287.04.
The S&P 500 rose 13.38 points, or 1.1 percent, to 1,263.02.
The Nasdaq composite rose 23.76 points, or 0.9 percent, to 2,613.74.
For the week:
The Dow is down 6.96 points, or 0.1 percent.
The S&P 500 is off 2.31 points, or 0.2 percent.
The Nasdaq is down 4.90, or 0.2 percent.
For the year to date:
The Dow is up 709.53 points, or 6.1 percent.
The S&P 500 is up 5.38 points, or 0.4 percent.
The Nasdaq is down 39.13, or 1.5 percent.