Banks dodged a hit from the Greek debt crisis and rallied Thursday to lead the market higher. A panel ruled that Greece's plan to restructure its debt should not trigger any bond-insurance payments yet. Strong February sales reports from retailers and a decline in applications for unemployment benefits to a four-year low also pushed stocks higher.
The Dow Jones industrial average rose 28.23 points, or 0.2 percent, to close at 12,980.30.
The Standard & Poor's 500 index added 8.41 points, or 0.6 percent, to close at 1,374.09.
The Nasdaq composite average rose 22.08 points, or 0.7 percent, to 2,988.97.
For the week so far:
The Dow is down 2.65 points, or 0.02 percent.
The S&P 500 is up 8.35, or 0.6 percent.
The Nasdaq is up 25.22, or 0.9 percent.
For the year so far:
The Dow is up 762.74, or 6.2 percent.
The S&P 500 is up 116.49, or 9.3 percent.
The Nasdaq is up 383.82, or 14.7 percent.