Stocks rose Friday after the February jobs report bolstered hopes that the U.S. economic recovery is on track. The gains were tempered by news that Greece's debt-relief deal could cause big losses for some banks.
Three years after stocks hit their Great Recession low, the Dow Jones industrial average rose nearly enough to erase this week's losses, which include Tuesday's 203-point dive, the worst one-day drop so far this year. The Dow lost ground after the trade group that oversees financial derivatives said a debt-relief deal for Greece will trigger payouts on bond insurance.
The Dow closed up 14.08 points, or 0.1 percent, at 12,922.02.
The Standard & Poor's 500 gained 4.96, or 0.4 percent, to 1,370.87.
The Nasdaq composite average added 17.92, or 0.6 percent, to 2,988.34.
For the week:
The Dow fell 55.55 points, or 0.4 percent.
The S&P 500 rose 1.24 points, or 0.1 percent.
The Nasdaq rose 12.15 points, or 0.4 percent.
For the year so far:
The Dow is up 704.46 points, or 5.8 percent.
The S&P 500 is up 113.27 points, or 9 percent.
The Nasdaq is up 383.19 points, or 14.7 percent.