U.S. stocks rose, capping the biggest weekly gain since 1974, after JPMorgan Chase & Co. took steps to end the housing crisis, bank lending rates declined and earnings from companies outside the financial industry expanded four times faster than the previous quarter.

The Standard & Poor’s 500 Index advanced 1.5 percent to 968.75, rallying on consecutive days for the first time in five weeks. The Dow Jones Industrial Average added 1.6 percent to 9,325.01. The MSCI World Index of 23 developed markets rose 0.6 percent.

(Bloomberg.com)