GLOBAL MARKETS-Stocks rally as investors digest sanctions on Russia

Wall Street's indexes extended the previous session's rally with Nasdaq and the S&P 500 registering gains for the week. The MSCI World Index .MIWD00000PUS closed up 2.43%; for the week it was down 0.7%.

NEW YORK: Stocks around the world rebounded on Friday, the U.S. dollar fell and oil prices dipped as investors welcomed talk of renewed diplomacy after Russia's invasion of Ukraine, and as coordinated Western sanctions left Russia's energy sector largely untouched.

On Thursday, worries about the invasion lifted oil prices past $100 a barrel for the first time since 2014. O/R