Show Entire Article
Stocks closed at session highs Friday, lifted by reports that central banks are prepared to provide liquidity after Sunday's Greek elections and amid growing hopes for action from the Fed in light of some recent disappointing economic data.
Stocks gyrated in a wide range all week, alternating between gains and losses of more than 1 percent for most days, in reaction to various headlines from the euro zone. Still, all three major indexes posted gains for the week.
The Dow Jones Industrial Average jumped 115.26 points, or 0.91 percent, to close at 12,767.17, surpassing its 50-day moving average for the first time since early May, led by BofA and Chevron .
The S&P 500 rallied 13.74 points, or 1.03 percent, to finish at 1,342.84. The Nasdaq gained 36.47 points, or 1.29 percent, to end at 2,872.80.
The CBOE Volatility Index, widely considered the best gauge of fear in the market, slipped to close near 21.
For the week, the Dow rose 1.70 percent, the S&P 500 added 1.30 percent, and the Nasdaq climbed 0.50 percent. Johnson & Johnson led the weekly Dow gainers, while H-P slumped.
All 10 S&P sectors logged gains for the week, led by telecoms and energy.
Page 1 of 5 | Next PageShow Entire Article
BAC News & Analysis
DATA IS REAL-TIME EXCEPT NOTED WITH *
* DATA DELAYED AT LEAST 15 MINUTES