NEW YORK, July 15 (Xinhua) -- U.S. stocks rose on Friday as investors reacted to a slew of corporate earnings and economic data.
The Dow Jones Industrial Average jumped 658.09 points, or 2.15 percent, to 31,288.26. The S&P 500 rose 72.78 points, or 1.92 percent, to 3,863.16. The Nasdaq Composite Index was up 201.23 points, or 1.79 percent, to 11,452.42.
All the 11 primary S&P 500 sectors ended in green, with financials and health care up 3.51 percent and 2.45 percent, respectively, leading the gains.
Citigroup shares surged 13.2 percent on better-than-anticipated second quarter results.
Wells Fargo shares advanced more than 6 percent despite its earnings miss.
On Thursday, JPMorgan Chase and Morgan Stanley both reported quarterly results that fell short of analysts' estimates.
On the economic front, U.S. retail sales rose 1 percent in June, the Commerce Department said on Friday. Economists polled by The Wall Street Journal had forecast a 0.9 percent increase.
Despite Friday's rally, Wall Street closed out the week with losses. The Dow slipped nearly 0.2 percent for the week, while the S&P and the tech-heavy Nasdaq fell 0.9 percent and 1.6 percent, respectively.
