Stocks climbed again today, closing out the biggest weekly gain since March. The Dow rose 53.49 to 13,820.19, the Nasdaq climbed 16.93 to 2,671.22, and the S&P 500 closed at 1,525.75, up 7.00. The Dow and S&P rose 2.8% on the week. In the wake of the Fed's rate cut Tuesday, "confidence is returning", one fund manager told Bloomberg.
Software giant Oracle led the rally by reaching a 6-year high, beating predictions. Sprint Nextel had its biggest jump in 3 months, partly on speculation that the company might be acquired. Google also reached a record $560.79. But the dollar hit a record low against the euro as worries mounted that the Fed might cut rates again.