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Stocks finished higher Friday, with the Nasdaq posting its best weekly gain in almost three months, helped by a round of encouraging earnings, a better-than-expected consumer sentiment report and despite weak GDP report.
The Dow Jones Industrial Average rose 23.69 points, or 0.18 percent, to finish at 13,228.31, crossing into positive territory for the month.
The S&P 500 added 3.38 points, or 0.24 percent, to end at 1,403.36, crossing above the 1,400 milestone. The Nasdaq climbed 18.59 points, or 0.61 percent, to close at to 3,069.20.
The CBOE Volatility Index, widely considered the best gauge of fear in the market, closed above 16.
For the week, the Dow jumped 1.53 percent, the S&P 500 rallied 1.80 percent, and the Nasdaq surged 2.29 percent. AT&T was the best weekly performer on the blue-chip index, while P&G slumped.
Most key S&P sectors ended in positive territory for the week, led by telecoms. Consumerstaples finished in the red.
"You continue to see this QE3 carrot get dangled," said Jeff Kilburg, senior development director at TreasuryCurve on CNBC's " Power Lunch ." "The sentiment is not so much pessimism, but more uncertainty. So next week, the paramount issue is the jobs number."
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