Dow enjoys best week since January
NEW YORK -- Stocks rose broadly Friday, giving the Dow Jones industrial average its best week since January.
The market got a lift from two economic reports, one showing that inflation remained tame in August and the other showing that Americans spent more at stores last month.
The Dow rose 75.42 points, or 0.5 percent, to 15,376.06. The index closed up three percent for the week, its best five-day performance since the week ending Jan. 4.
Intel led the Dow higher. Analysts at Jefferies & Co. said Intel may be able to increase its sales with power-efficient chips. Intel rose 81 cents, or 3.6 percent, to $23.44.
The Standard & Poor's 500 index rose 4.57 points, or 0.3 percent, to 1,687.99. The Nasdaq composite index rose 6.22 points, or 0.2 percent, to 3,722.18.