Stocks close huge week with rally
The Dow rose 168 points Friday and 650 points for the week. It was the best week in more than two years.
Richard Drew / AP
NEW YORK (AP) — Stocks are closing their best week since the bull market began in March 2009.
An unexpected rebound in U.S. manufacturing surprised investors Friday, sending the Dow Jones industrial average up nearly 170 points. Indexes were also lifted by a bounce back in auto sales last month.
The Dow is closing up 168 points Friday, or 1.4 percent, to 12,583. The S&P 500 is up 19, or 1.4 percent, to 1,340. The Nasdaq composite is up 43, or 1.5 percent, to 2,816.
The Dow added nearly 650 points for the week. It gained 5.4 percent.
Five stocks rose for every one that fell on the New York Stock Exchange. Volume was slightly below average at 3.4 billion shares.