Dow 12,441.58 +38.82 +0.31%
By: Abby Schultz, JeeYeon Park
Stocks closed modestly higher Friday in a light-volume session ahead of the Memorial Day holiday, led by materials, as commodities gained on the heels of a weaker U.S. dollar. However, the major averages finished lower for the fourth consecutive week.
The Dow Jones Industrial Average added 38.82 points, or 0.31 percent, to 12,441.58.
The S&P 500 rose 5.41 points, or 0.41 percent, to 1,331.10. The Nasdaq gained 13.94 points, or 0.50 percent, to 2,796.86.
For the week, the Dow lost 0.56 percent, the S&P shed 0.16 percent and the Nasdaq dropped 0.23 percent.
The CBOE Volatility Index, widely considered the best gauge of fear in the market, finished at 16.01, sliding 8.15 percent for the week.
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