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NEW YORK (AP) — U.S. stocks climbed Friday as banks made a rapid recovery following a steep fall a day ago. Investors hoped Deutsche Bank and the financial system in general were in better shape than they had feared.
On Friday:
The Dow Jones industrial average surged 164.70 points, or 0.9 percent, to 18,308.15.
The Standard & Poor's 500 index gained 17.14 points, or 0.8 percent, to 2,168.27.
The Nasdaq composite added 42.85 points, or 0.8 percent, to 5,312.
For the week:
The Dow climbed 46.70 points, or 0.3 percent.
The S&P 500 picked up 3.58 points, or 0.2 percent.
The Nasdaq rose 6.26 points, or 0.1 percent.
For the year:
The Dow is up 883.12 points, or 5.1 percent.
The S&P 500 is up 124.33 points, or 6.1 percent.
The Nasdaq is up 304.59 points, or 6.1 percent.
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