The Dow Jones Industrial Average .DJI rose 332.36 points, or 1.39 percent, to 24,262.51, the S&P 500 .SPX gained 33.69 points, or 1.28 percent, to 2,663.42 and the Nasdaq Composite .IXIC added 121.47 points, or 1.71 percent, to 7,209.62.
For
the week, the Dow lost 0.2 percent and the S&P fell 0.24 percent.
It was the second straight week of losses for both indexes.
By contrast, the Nasdaq gained 1.26 percent on the strength of tech stocks’ rally on Friday. The S&P 500 technology sector .SPLRCT rose 2.0 percent.
All the 11 major S&P sectors were higher, and 29 of the 30 Dow members were in the black, with Chevron Corp (CVX.N) the lone exception.
Pandora Media Inc (P.N) shares jumped 19.8 percent after the music-streaming service provider reported a smaller-than-expected quarterly loss.
Shares of CBS Corp (CBS.N) rose 9.1 percent after the media company topped revenue and profit estimates for the first quarter.
Fluor Corp (FLR.N) shares sank 22.4 percent, the most on the S&P, after the engineering and construction company posted a surprise quarterly loss due to issues with a gas-fired power project.
The S&P 500 posted 16 new 52-week highs and 6 new lows; the Nasdaq Composite recorded 94 new highs and 47 new lows.
Volume on U.S. exchanges was 6.37 billion shares, compared to the 6.57 billion average for the full session over the last 20 trading days.
By contrast, the Nasdaq gained 1.26 percent on the strength of tech stocks’ rally on Friday. The S&P 500 technology sector .SPLRCT rose 2.0 percent.
All the 11 major S&P sectors were higher, and 29 of the 30 Dow members were in the black, with Chevron Corp (CVX.N) the lone exception.
Pandora Media Inc (P.N) shares jumped 19.8 percent after the music-streaming service provider reported a smaller-than-expected quarterly loss.
Shares of CBS Corp (CBS.N) rose 9.1 percent after the media company topped revenue and profit estimates for the first quarter.
Fluor Corp (FLR.N) shares sank 22.4 percent, the most on the S&P, after the engineering and construction company posted a surprise quarterly loss due to issues with a gas-fired power project.
The S&P 500 posted 16 new 52-week highs and 6 new lows; the Nasdaq Composite recorded 94 new highs and 47 new lows.
Volume on U.S. exchanges was 6.37 billion shares, compared to the 6.57 billion average for the full session over the last 20 trading days.
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