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U.S. Stocks Grab Best Weekly Gains In Months

By Markets MarketWatch Pulse

U.S. stocks closed slightly higher Friday, turning in their largest weekly gains in months, as Federal Reserve Chairwoman Janet Yellen signaled a rate hike may be justified over the summer. The Dow Jones Industrial Average rose 44.93 points, or 0.3%, to close at 17,873.22, gaining 2.1% for the best weekly performance since March 18. The S&P 500 Index , advanced 8.96 points, or 0.4%, to finish at 2,099.06, for a 2.2% weekly gain, the strongest since March 4. The Nasdaq Composite Index rose 31.74 points, or 0.7%, to close at 4,933.50, for a 3.3% weekly gain, the best week since Feb. 19.

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