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Saturday, 11 May 2013

Stocks End Higher for Third Week; Dow, S&P 500 Close at New Highs


By: Writer

Stocks finished modestly higher Friday with major indexes posting their third week in positive territory and the Dow and S&P 500 closing at new record highs.

The Dow Jones Industrial Average rose 35.87 points, to close at 15,118.49, led by Hewlett-Packard.

The S&P 500 climbed 7.03 points, to finish at 1,633.70.

The Nasdaq rallied 27.41 points to end at 3,436.58.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended below 13.

For the week, the Dow advanced 0.97 percent, the S&P 500 jumped 1.19 percent, and the Nasdaq added 1.72 percent.

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