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New York - Stocks Close Huge Week With Rally; Dow up 168

Published on: July 1, 2011 04:35 PM
By: AP
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Traders work on the floor of the New York Stock Exchange Wednesday, June 1, 2011. Fears that the economy is stalling sent the Dow Jones industrial average down 280 points, erasing more than a quarter of the stock market's gains for the year. (AP Photo/Richard Drew)Traders work on the floor of the New York Stock Exchange Wednesday, June 1, 2011. Fears that the economy is stalling sent the Dow Jones industrial average down 280 points, erasing more than a quarter of the stock market's gains for the year. (AP Photo/Richard Drew)

New York - Stocks are closing their best week since the bull market began in March 2009.

An unexpected rebound in U.S. manufacturing surprised investors Friday, sending the Dow Jones industrial average up nearly 170 points. Indexes were also lifted by a bounce back in auto sales last month.

The Dow is closing up 168 points Friday, or 1.4 percent, to 12,583. The S&P 500 is up 19, or 1.4 percent, to 1,340. The Nasdaq composite is up 43, or 1.5 percent, to 2,816.

The Dow added nearly 650 points for the week. It gained 5.4 percent.

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Five stocks rose for every one that fell on the New York Stock Exchange. Volume was slightly below average at 3.4 billion shares.



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