Dow and S&P both up 2.3% for the week; Nasdaq scores weekly gain of 2.8%
NEW YORK (MarketWatch) -- Stocks ended sharply higher Friday, with the major indexes scoring weekly gains of more than 2%, after an unexpected rise in new home sales jump-started thinking that the worst of the subprime mess could be over and a recession avoided.
"The market is focused on the combination of economic numbers today, including durable goods and a surprisingly good housing number, as well as no other news coming out of the subprime area," said Paul Nolte, director of investments at Hinsdale Associates.
Boca Raton Real Estate
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