NEW YORK (MarketWatch)
U.S. stocks on Friday rallied, extending a winning run for the Dow Jones Industrial Average and the S&P 500 index into a fourth week, on renewed optimisim on Europe and after the July jobs report exceeded expectations
"The day started in the green in Europe," said John De Clue, a regional investment director at U.S. Bank
European Central Bank President Mario Draghi "all but said the ECB may reactivate the program where they step in to buy the bonds of peripheral countries to drive interest rates down," said De Clue
The 163,000 increase in payrolls last month "was a good number, but not enough to change the game," he added
The Dow Jones Industrial Average rose 217.29 points, or 1.7%, to 13,096.17, up 0.2% for the week
The S&P 500 index added 25.99 points, or 1.9%, to 1,390.99, leaving it 0.4% higher from last week's close
The Nasdaq Composite climbed 58.13 points, or 2%, to 2,967.90, a weekly rise of 0.3%
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