Stocks Ended Fourth Straight Week with Gains

U.S. stocks rallied on Friday as the main indexes booked a fourth straight weekly gain with the majority of gains coming from technology and industrials companies. The Dow Jones Industrial Average rose 157.54 points, or 0.90%, to 17,646.70 and ended the week with a 2.5% gain. The S&P 500 added 22.64 points, or 1.10%, to 2,075.15 and gained 2.1% over the week. The Nasdaq Composite advanced 111.81 points, or 2.27%, to 5,031.86, and gained 3% over the week, its strongest weekly advance since July.

Microsoft, Amazon and Google’s parent company Alphabet closed sharply higher Friday. All three released surprisingly strong results the day before. Alphabet beat estimates by 14 cents Thursday night, while Amazon posted earnings per share of 17 cents. Microsoft posted a beat on both earnings and estimates.

Oil futures settled with a loss on Friday, as strength in the U.S. dollar helped pull prices down by almost 6% for the week. December West Texas Intermediate crude fell 78 cents, or 1.7%, to settle at $44.60 a barrel on the New York Mercantile Exchange.

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