Stocks rise on hopeful signs for the US economyMay 17, 2013 @ 1:48 pm
NEW YORK (AP) - Encouraging news about the U.S. economy is extending the stock market's rally.
U.S. stock indexes rose for the fourth week in a row and are at record levels.
A gauge of future economic activity rose more than analysts had expected, as did a measure of consumer confidence.
The Dow Jones industrial average rose 121 points to close at 15,354 Friday, an increase of 0.8 percent.
The Standard & Poor's 500 climbed 15.65 points, or 1 percent, to 1,666.12.
The Nasdaq composite rose 33 points to 3,499, or 1 percent.
Defense contractor Northrop Grumman rose 4 percent after announcing a big stock buyback.
Two stocks rose for every one that fell on the New York Stock Exchange. Volume was lighter than usual at 3 billion shares.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Relaxing in Seattle
It's a big weekend in Seattle, but what if you want to get away from the crowds?
17 things you will definitely see at Bumbershoot
Cassius' Body Art
This Seahawks rookie might be the most colorful on the field
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.