U.S. stocks advanced Friday, capping off a second straight weekly advance for the market. Investors were encouraged by the latest corporate deal news, that General Electric would be selling its long-struggling lending business.
The Dow Jones industrial average rose 98.92 points, or 0.6 percent, to 18,057.65.
The Standard & Poor's 500 index added 10.88 points, or 0.5 percent, to 2,102.06.
The Nasdaq composite gained 21.41 points, or 0.4 percent, to 4,995.98.
For the week:
The Dow was up 294.41 points, or 1.7 percent.
The S&P 500 was up 35.10 points, or 1.7 percent.
The Nasdaq gained 109.04 points, or 2.2 percent.
For the year:
The Dow is up 234.58 points, or 1.3 percent.
The S&P 500 index is up 43.16 points, or 2.1 percent.
The Nasdaq is up 259.92 points, or 5.5 percent.