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U.S. stocks rose, giving the Standard & Poor’s 500 Index its first back-to-back weekly gain since April, amid speculation central banks will take steps to stimulate growth and contain a prolonged debt crisis in Europe.
The Dow Jones industrial average was up 94.90 points, or 0.75 percent, at 12,746.81. The Standard & Poor’s 500 Index was up 10.80 points, or 0.81 percent, at 1,339.90. The Nasdaq Composite Index was up 30.49 points, or 1.07 percent, at 2,866.82.