Stronger retail sales and surging profits from Google sent stocks higher Friday. The Dow Jones industrial average turned positive for the year and the S&P 500 index had its best week in more than two years.
Retail sales increased 1.1 percent in September, the biggest gain in seven months and double what economists projected. It was the latest positive report on the U.S. economy and added to a growing body of evidence that another U.S. recession isn't as likely as many had feared.
The Dow rose 166.36 points, or 1.4 percent, to close at 11,644.49.
The Standard & Poor's 500 index rose 20.92, or 1.7 percent, to 1,224.58.
The Nasdaq rose 47.61, or 1.8 percent, to 2,667.85.
For the week to date:
The Dow is up 541.37, or 4.9 percent.
The S&P 500 is up 69.12, or 6 percent
The Nasdaq composite is up 188.50, or 7.6 percent.
For the year to date:
The Dow is up 66.98 points, or 0.6 percent.
The S&P 500 is down 33.06, or 2.6 percent.
The Nasdaq is up 14.98, or 0.6 percent.
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