Agence France-PresseFebruary 14, 2014 22:17
US stocks surged higher this week as investors were reassured by the Federal Reserve, cheered by a congressional move to raise the debt ceiling and undeterred by disappointing economic data.
The Dow Jones Industrial Average jumped 360.31 (2.28 percent), its biggest weekly increase in 2014, to close at 16,154.39.
The broad-based S&P 500 rose 41.61 (2.32 percent) to 1,838.63, while the tech-rich Nasdaq Composite Index vaulted 118.17 (2.86 percent) higher to 4,244.03.
It was the second straight week of gains.