U.S. stocks closed higher Friday as investors were relieved by reports of easing tensions between Ukraine and Russia. The gain in the S&P 500 was the biggest since Mar. 4 and turned the index higher for the week.
The Dow Jones industrial average rose 185.66 points, or 1.1 per cent, to 16,553.93.
The Standard & Poor’s 500 index rose 22.02 points, or 1.2 per cent, to 1,931.59.
The Nasdaq composite rose 35.93 points, or 0.8 per cent, to 4,370.90
For the week:
The Dow rose 60.56 points, or 0.4 per cent.
The S&P 500 rose 6.44 points, or 0.3 per cent.
The Nasdaq rose 18.26 points, or 0.4 per cent.
For the year:
The Dow is down 22.73 points, or 0.1 per cent.
The S&P 500 index is up 83.23 points, or 4.5 per cent.
The Nasdaq is up 194.31 points, or 4.7 per cent.