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Stocks ended positive, with the Nasdaq reaching a three-year high, despite a disappointing employment report as investors found comfort in other economic news and in expectations the jobs figures would push the Federal Reserve to continue efforts to stimulate the economy.
The Dow Jones Industrial Average rose 19.68 points, or 0.2 percent, to close at 11,382.09 For the week, the Dow rose 2.62 percent. With Friday's gain, the Dow rose 3.42 percent in three days, following strong moves higher the previous two sessions.
Caterpillar was the best performer on the Dow for the week, rising more than 6 percent, while Cisco was the worst performer, falling more than 2 percent.
The S&P 500 gained 3.18 points, or 0.3 percent, to close at 1,224.71. For the week, the S&P 500 rose nearly 3 percent. In the last three days, the S&P gained 3.74 percent.
The tech-heavy Nasdaq closed at 2,591.46, its highest close in nearly three years, since January 3, 2008. On Friday, the index rose 12.11 points, or 0.5 percent, to close at 2,591.46. For the week, the Nasdaq rose 2.24 percent. In the last three days, the Nasdaq gained 3.73 percent.
The CBOE Volatility Index, widely considered the best gauge of fear in the market, fell to 18.
All key S&P sectors rose Friday, led by materials, energy and financials.
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