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U.S. stocks rallied, driving the Standard & Poor’s 500 Index to its best weekly gain since December, amid speculation European and American central banks will join China in trying to spur economic growth.
The Dow Jones industrial average gained 93.24 points, or 0.75 percent, to 12,554.20 at the close. The Standard & Poor’s 500 Index rose 10.67 points, or 0.81 percent, to 1,325.66. The Nasdaq Composite Index climbed 27.40 points, or 0.97 percent, to close at 2,858.42.