By: JeeYeon Park CNBC.com Writer
Stocks closed out the week with a bang,
with the S&P 500 finishing above 1,600 and the Dow briefly topping
15,000 for the first time, as Wall Street cheered a better-than-expected
April nonfarm payrolls report.
All three major indexes logged sharp gains for the week.
The Dow Jones Industrial Average shot up 142.38 points, or 0.96 percent, to close at 14,973.96, propelled by Caterpillar and Alcoa, earlier crossing above 15,000 for the first time. It took the blue-chip index nearly six years to cross 15,000 after it first topped 14,000.
The S&P 500 soared 16.83 points, or 1.05 percent, to finish at 1,614.42. And the Nasdaq rallied 38.01 points, or 1.14 percent, to end at 3,378.63. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, slumped below 13.
For the week, the Dow jumped 1.78 percent, the S&P 500 advanced 2.03 percent, and the Nasdaq surged 3.03 percent.
All three major indexes logged sharp gains for the week.
The Dow Jones Industrial Average shot up 142.38 points, or 0.96 percent, to close at 14,973.96, propelled by Caterpillar and Alcoa, earlier crossing above 15,000 for the first time. It took the blue-chip index nearly six years to cross 15,000 after it first topped 14,000.
The S&P 500 soared 16.83 points, or 1.05 percent, to finish at 1,614.42. And the Nasdaq rallied 38.01 points, or 1.14 percent, to end at 3,378.63. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, slumped below 13.
For the week, the Dow jumped 1.78 percent, the S&P 500 advanced 2.03 percent, and the Nasdaq surged 3.03 percent.
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