NEW YORK, (Reuters) – The S&P 500 turned positive for the year and closed out its third week of gains in four today as equities extended their rally after a string of unexpectedly strong economic data.
The Dow Jones industrial average was up 124.35 points, or 1.02 percent, to end unofficially at 12,294. The Standard & Poor’s 500 Index was up 11.33 points, or 0.90 percent, to finish unofficially at 1,265.33. The Nasdaq Composite Index was up 19.19 points, or 0.74 percent, to close unofficially at 2,618.64.
For the week, stocks rose, with the Dow up 3.6 percent, the S&P 500 up 3.7 percent and the Nasdaq up 2.5 percent.
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