Stocks End Their Best Week of the Year

Dow, S&P 500, Nasdaq all end the day up
By Newser Editors and Wire Services
Posted Nov 20, 2015 3:17 PM CST
Traders gather at the post of specialist John McNierney, background center, at the end of the trading day, on the floor of the New York Stock Exchange, Thursday, Nov. 19, 2015.   (AP Photo/Richard Drew)

(Newser) – Strong results from retailers lifted the stock market to its biggest weekly gain this year. The Dow Jones industrial average rose 91 points, or 0.5%, to 17,823 Friday. The Standard & Poor's 500 index rose seven points, or 0.4%, to 2,089. The Nasdaq composite climbed 31 points, or 0.6%, to 5,104. The S&P 500 climbed 3.3% for the week.

Ross Stores led the way higher Friday, gaining 10% after reporting results that were far better than analysts were expecting. Nike jumped 6% after announcing a dividend increase, a stock buyback, and a stock split. Technology stocks also rose. Google parent company Alphabet gained 2%. Bond prices fell. The yield on the 10-year Treasury note rose to 2.26%.

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