Stocks closed mostly higher on Wall Street Friday, giving the S&P 500 its biggest weekly gain since February.
The Dow’s gains were driven by a surge in Nike, which reported blowout earnings late Thursday and gave investors a strong outlook for the year. Nike jumped 15.5%. FedEx fell 3.6% after the company announced it would increase its spending to reduce delays.
On Friday:
The S&P 500 rose 14.21 points, or 0.3%, to 4,280.70.
The Dow Jones Industrial Average rose 237.02 points, or 0.7%, to 34,433.84.
The Nasdaq fell 9.32, or 0.1%, to 14,360.39.
The Russell 2000 index of smaller companies rose 0.77 points, less than 0.1%, to 2,334.40.
For the week:
The S&P 500 is up 114.25 points, or 2.7%.
The Dow is up 1,143.76 points, or 3.4%.
The Nasdaq is up 330.01 points, or 2.4%.
The Russell 2000 is up 96.65 points, or 4.3%.
For the year:
The S&P 500 is up 524.63 points, or 14%.
The Dow is up 3,827.36 points, or 12.5%.
The Nasdaq is up 1,472.11 points, or 11.4%.
The Russell 2000 is up 359.54 points, or 18.2%.
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