DOW - Stocks End Week at New Highs

Dow

11,787.38

+55.48

+0.47%

By: Abby Schultz, JeeYeon Park

Stocks ended at new multi-year highs as financials and technology stocks advanced in the wake of strong earnings reports from JPMorgan and Intel and ahead of major earnings reports next week.

The Dow Jones Industrial Average rose 112.62 points this week, or 0.96 percent, to close at 11,787.38, the highest close since June 25, 2008. On Friday the blue-chip index gained 55.48 points, or 0.47 percent.


The S&P 500 rose 21.74 points this week, or 1.7 percent, to close at 1,293.24, its highest close since Aug. 28, 2008. On Friday, it rose 9.48 points, or 0.74 percent.

Meanwhile, the S&P 400, a mid-cap index, closed at an all-time high of 931.07. The previous closing high of 926.23 was on July 13, 2007. 


The Nasdaq rose 52.13 points this week, or 1.93 percent, to close at 2,755.30, its highest close since Nov. 6, 2007. On Friday, the tech-heavy index added 20.01 points, or 0.7 percent.

The CBOE Volatility Index, widely considered the best gauge of fear in the market, fell below 16.