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U.S. stocks surged on Friday, driving the S&P 500 to its highest close since May 3 as hopes increased that the Federal Reserve and the European Central Bank may provide further stimulus.
The Dow Jones industrial average climbed 187.73 points, or 1.46 percent, to close at 13,075.66. The Standard & Poor’s 500 Index advanced 25.95 points, or 1.91 percent, to finish at 1,385.97. The Nasdaq Composite Index gained 64.84 points, or 2.24 percent, to end at 2,958.09.