Stocks rise for a third week in a row; small companies lead surge
THE ASSOCIATED PRESS May 10, 2013 9:14AM
Stock indexes are little changed in early trading Friday on Wall Street but the market is still on track to post solid gains for the week. | AP file photo
Updated: May 10, 2013 3:35PM
NEW YORK (AP) — The stock market is closing out its third straight week of gains, led by small-company stocks.
The Dow Jones industrial average rose 35 points to 15,118 points Friday, a gain of 0.2 percent. The Dow rose 1 percent for the week and 15 percent so far this year.
The Standard & Poor’s 500 rose seven points to 1,633, or 0.4 percent. The Nasdaq rose 27 points to 3,436, or 0.8 percent.
Small-company stocks rose even more than the rest of the market.
The Russell 2000 rose nine points, or 0.9 percent, to 975. Its weekly gain of 2.2 percent is twice as much as the Dow and S&P 500.
Two stocks rose for every one that fell on the New York Stock Exchange. Volume was light at 3 billion shares.