The Standard & Poor's 500 index closed above 1,500 for the first time since the start of the Great Recession in 2007, lifted by strong earnings from Procter & Gamble and Starbucks. The Dow Jones industrial average and the Nasdaq also closed higher.
The Dow Jones industrial average rose 70.65 points, or 0.5 percent, to close at 13,895.98.
The Standard & Poor's 500 index rose 8.14 points, or 0.54 percent, to 1,502.96.
The Nasdaq composite rose 19.33 points, or 0.62 percent, to 3,149.71.
For the week:
The Dow is up 246.28, or 1.8 percent.
The S&P 500 is up 16.98, or 1.1 percent.
The Nasdaq is up 15, or 0.5 percent.
For the year:
The Dow is up 791.84, or 6 percent.
The S&P 500 is up 76.77, or 5.4 percent.
The Nasdaq is up 130.20, or 4.3 percent.