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Stocks close near peak for the week

Feb. 22, 2013 at 5:08 PM   |   Comments

NEW YORK, Feb. 22 (UPI) -- U.S. stock indexes made headway Friday, following the sharpest two-day drop in a mostly positive year to date.

The Dow Jones industrial average reclaimed 119.95 points at the close, climbing 0.86 percent to 14,000.57. The Standard and Poor's 500 added 13.18 points, or 0.88 percent, to 1,515.60 points. The Nasdaq composite added 30.33 points, or 0.97 percent, to 3,161.82 points.

On the New York Stock Exchange, 2,276 stocks advanced and 745 declined on a volume of 3.4 billion shares traded.

The Dow had closed at a nearly five-year peak Tuesday at 14,035.67 but at the end of trading Thursday it had fallen to 13,880.62, off 1.1 percent in two days.

The 10-year U.S. treasury rose 4/32 Friday to yield 1.966 percent.

Against the dollar the euro fell to $1.3186 from Thursday's $1.319. Against the yen, the dollar was higher 93.38 yen from 93.11 yen.

In Tokyo, the Nikkei 225 closed at 11,385.94 points, up 76.81 points or 0.68 percent.

In London, the FTSE 100 index added 0.7 percent, 44.16 points, to 6,335.70.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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