Stocks surged on Friday, driving the S&P 500 to its highest close since May 3 as hopes increased that the Federal Reserve and the European Central Bank may provide further stimulus.
The Dow Jones industrial average climbed 187.73 points, or 1.46%, to close at 13,075.66. The Standard & Poor's 500 Index advanced 25.95 points, or 1.91%, to finish at 1,385.97. The NasdaqComposite Index gained 64.84 points, or 2.24%, to end at 2,958.09.
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