The Dow Jones Industrial Average rose 293.05 points, or 0.9%, to 32,778.64, the S&P 500 gained 4 points, or 0.10%, to 3,943.34 and the Nasdaq Composite dropped 78.81 points, or 0.59%, to 13,319.87. The Dow had its biggest week so far this year with a 4.1% advance and the Nasdaq posted its first positive week in four, up 3.1%. The pan-European STOXX 600 index lost 0.26% on Friday and MSCI's gauge of stocks across the globe shed 0.06%. Emerging market stocks lost 0.69%.
NEW YORK: An index of stocks across the world dipped on Friday but still posted its strongest weekly gain in five, while benchmark U.S. Treasury yields climbed to 13-month highs, partly on optimism after a $1.9 trillion recovery package was signed into law.
On Wall Street, the S&P 500 drifted higher to end up 0.1% on the day and 2.6% for the week, its strongest weekly showing since early February. The Nasdaq underperformed as the rotation from growth to value continued. The Dow Industrials hit an intraday record high every day this week.
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