U.S. stocks rose, sending the Standard & Poor’s 500 Index to the largest weekly gain since April, as retailers, manufacturers and transportation companies rallied on speculation lower commodity prices will boost profits.
The S&P500 added 30.25 points, or 2.4 percent, to 1,296.32, posting the first back-to-back weekly advance since May. The Dow Jones Industrial Average rose 302.89, or 2.7 percent, to 11,734.32. The Nasdaq Composite Index climbed 58.37, or 2.5 percent, to 2,414.10.
(Bloomberg.com)
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