U.S. stocks rose Friday to clinch weekly gains as investors monitored the prospects for another round of fiscal stimulus from Congress, with President Donald Trump, once again, saying he was open to a broader package.
The S&P 500 SPX, +0.87% rose 0.9% to 3,477.13.
The Dow Jones Industrial Average DJIA, +0.56% advanced 161.39 points, or 0.6%, to 28,586.90, based on preliminary numbers.
The Nasdaq Composite COMP, +1.39% gained 1.4% to end at 11,579.94. For the week, the S&P 500 was up 3.8%, the Dow rose 3.3%, and the Nasdaq climbed 4.6%. The S&P 500 and Nasdaq enjoyed their best week since July, while the Dow had its biggest weekly gain since August.
Investors also saw some corporate deal-making after The Wall Street Journal reporting that Advanced Micro Devices Inc. AMD, -3.94% was in talks to buy rival chip maker Xilinx Inc. XLNX, +14.10%