U.S. markets surged in the final hour of trading on Friday to finish the week in positive territory. It was the second-straight week of gains for the major indexes following the 10% overall correction from earlier this month with nearly half of the losses recovered.
The Dow jumped 1.4% after testing a high of 25,313 while closing above the 25,000 level for the first time in four sessions.
The S&P 500 soared 1.6% after reaching an intraday peak of 2,747 while closing a half-point off its high. For the week, the Dow was up 0.4% while the S&P 500 added 0.6%.
The Nasdaq zoomed 1.8% after making a run to 7,337 into the closing bell while clearing the 7,300 level for the first time since the start of the month. The Russell 2000 rallied 1.3% making another run at its 50-day moving average. The index fell shy of holding this level for a 5th-straight session by a tenth-point after closing at 1,549. For the week, the Nasdaq advanced 1.4% while the Russell 2000 climbed 0.4%.
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