NEW YORK (AP) — Stocks are closing out their first weekly gain in four weeks, led by a surge in energy and technology stocks.
Oil stocks soared Friday after the price of crude jumped 9 percent, clawing back more of the ground it has lost since the beginning of the year.
Apple led a broad rally in tech shares, posting a gain of 5 percent. Microsoft and Facebook also rose sharply.
American Express sank 12 percent after issuing a weak earnings forecast for this year and next.
The Dow Jones industrial average rose 210 points, or 1.3 percent, to 16,093.
The Standard & Poor's 500 index rose 37 points, or 2 percent, to 1,906. The Nasdaq composite climbed 119 points, or 2.7 percent, to 4,591.
