The Dow Jones Industrial Average rallied 53.51 points, or 0.4% to 13,593.37, climbing 2.2% on the week. The S&P 500 gained 5.78 points, or 0.4% to 1,465.77, finishing up 1.9% on the week. The Nasdaq Composite added 28.12 points, or 0.9%, to 3,183.95, recording a 1.5% gain for the week.
“Friday’s reading on the Thomson-Reuters/University of Michigan consumer sentiment index showed that Americans’ moods improved this month to their best levels since May,” reports Justin Lahart for The Wall Street Journal. “It was a hopeful sign that spending could be about to pickup.”