Stocks Ended Higher, S&P 500 above 3,000

U.S. stocks ended higher on Friday, with the S&P 500 closing above the 3,000 level for the first time. The Dow Jones Industrial Average rose 243.95 points, or 0.90%, to 27,332.03. The S&P 500 advanced 13.86 points, or 0.46%, to 3,013.77. The Nasdaq Composite gained 48.10 points, or 0.59%, to 8,244.14.

Oil futures climbed for the week as tensions persist in the Middle East, but prices posted only a small gain for the session on Friday, with a Gulf of Mexico storm expected to cause only a brief reduction in the region’s oil and natural-gas production. August West Texas Intermediate crude tacked on a penny to settle at $60.21 a barrel, ending the week 4.7% higher. September Brent rose 20 cents, or 0.3%, at $66.72 a barrel and gained 3.9% for the week.