Dow jumps 655 points, S&P, Nasdaq rally nearly 2%

  • Dow jumps 655 points, S&P, Nasdaq rally nearly 2%

    A better-than-expected retail sales report helped power stocks to gains on Friday with the Dow Jones Industrial Average rising 2.1%, while the S&P added 1.9% and Nasdaq Composite 1.8%. Despite the rally, all three of the benchmarks fell for the week after consumer and producer prices climbed to fresh highs. In commodities, oil fell nearly 7% for the week to $97.59 per barrel. All 11 of the S&P's major sectors rose led by financials and healthcare, while utilities rose the least.

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