Stocks End Week on a Strong Note

U.S. stocks finished higher on Friday, ending the week on a strong note. The Dow Jones industrial average rose 168.42 points, or 0.94 percent, to 18,127.45, posing 2.1% up for the week. The S&P 500 gained 18.82 points, or 0.9 percent, to 2,108.09, climbing 2.7% for the week. The Nasdaq Composite added 34.04 points, or 0.68 percent, to 5,026.42, gaining 3.2% for the week.

The Bureau of Land Management announced today that it would impose some new rules on the hydraulic fracturing of oil and gas wells on federal lands.

Nike Inc. (NKE) said its fiscal third-quarter profit rose to $791 million, or 89 cents a share, from $682 million, or 75 cents, a year earlier.

Lowe’s Companies Inc. (LOW) said its board has approved a new share buyback program of up to $5 billion. The new program adds to the previous program’s balance, which stood at $2.4 billion at end January.

Dating app Tinder has hired Chris Payne, a board member of GoGo and former executive at eBay, as its new chief executive, Re/Code reported.