Stock rally extends weekly wins for Dow at 11,808.79

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Stock rally extends weekly wins for Dow at 11,808.79
SAN FRANCISCO (MarketWatch) -- U.S. stocks surged into the close of trading Friday as optimism over an upcoming Europe leaders meeting and a break through a technical level on the S&P 500 lured in buyers. The Dow Jones Industrial Average ended up 267.01 points, or 2.3%, at 11,808.79. Friday's gains erased a weekly loss. The blue-chip index rose 1.4% for the week, its fourth week of gains, which is the longest weekly winning streak since January. The S&P 500 added 22.86 points, or 1.9%, to 1,238.25. It gained 1.1% for the week, its third weekly advance, the longest stretch since February. The Nasdaq Composite added 38.84 points, or 1.5%, to 2,637.47. It fell 1.1% this week.