U.S. stocks recorded a week of gains, bouncing back after two weeks of losses. Earnings season got off to an acceptable, if not exactly positive, start. Retail sales were stronger than expected and economic indicators stopped flashing red.
The Dow Jones Industrial Average (.DJI) rose 78.07 points or 0.8% on Friday to close at 9,864.94. For the week, the index gained 4%. The Nasdaq Composite Index (.COMP) gained 15.35 points or 0.7% for the day to close at 2,139.28 and notched a 4.5% gain for the week. The broader Standard & Poor's 500 Index (.SPX) rose 6.01 points or 0.6% on Friday to close at 1,071.49, a 4.5% rise for the week.
By Marketwatch
