U.S. stocks rally on Friday but post weekly drop

NEW YORK (MarketWatch) — U.S. stocks rallied Friday, but still fell on the week, with sentiment boosted by falling oil prices and talk that Lehman Brothers may be acquired, while a speech by Federal Reserve Chairman Ben Bernanke confirmed the Fed sees inflation moderating this year. The Dow Jones Industrial Average jumped 196 points, or 1.7%, to end at 11,619, with 28 of its 30 components ending higher. For the week, the Dow still lost 0.3%. The S&P 500 index rose 14 points, or 1.1%, to end at 1,292. The broad index still lost 0.5% on the week. The Nasdaq Composite gained 34 points, or 1.4%, to end at 2,414. The technology-heavy index still posted a weekly loss of 1.5%.
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Original post by Forextvblog

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