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Investor Alert

Oct. 15, 2021, 4:23 p.m. EDT

S&P 500 sees biggest weekly rise since July as stocks rally on earnings

Stocks ended higher Friday, booking solid weekly gains for major indexes as investors cheered a strong start to earnings season and data showing stronger-than-expected September retail sales. The Dow Jones Industrial Average (DOW:DJIA) advanced around 383 points, or 1.1%, to close near 35,295, ending above the 35,000 threshold for the first time since Sept. 8, according to Dow Jones Market Data. The Dow rose 1.6% for the week. The S&P 500 (S&P:SPX) gained around 33 points, or 0.7%, to finish near 4,472, leaving the large-cap benchmark with a 1.8% weekly rise --- its largest since July 23, according to FactSet. The tech-heavy Nasdaq Composite (NASDAQ:COMP) ended near 14,897, up around 74 points, or 0.5%. The Nasdaq rallied 2.2% for the week, its biggest such rise since August. Goldman Sachs Group Inc. (NYS:GS) shares rose 3.8% Friday, leading Dow gainers after earnings that topped estimates.

Link to MarketWatch's Slice.