U.S. stocks closed higher Friday, the first day of May, erasing much of a loss the day before. Most Asian and European markets were closed for a holiday.
The Dow Jones industrial average rose 183.54 points, or 1 per cent, to close at 18,024.06.
The Standard & Poor’s 500 index gained 22.78 points, or 1.1 per cent, to 2,108.29.
The Nasdaq increased 63.97 points, or 1.3 per cent, to 5,005.39.
For the week:
The Dow fell 56.08 points, or 0.3 per cent.
The S&P 500 lost 9.40 points, or 0.4 per cent.
The Nasdaq declined 86.70 points, or 1.7 per cent.
For the year:
The Dow is up 200.99 points, or 1.1 per cent.
The S&P 500 index is up 49.39 points, or 2.4 per cent.
The Nasdaq is up 269.34 points, or 5.7 per cent.