Stocks showed a strong move to the upside during trading on Friday, extending the rebound from the steep drop seen on Monday. With the continued advance, the major averages all reached new record closing highs.
The major averages finished the session just off their highs of the day. The Dow climbed 238.20 points or 0.7 percent to 35,061.55, the Nasdaq surged up 152.39 points or 1 percent to 14,836.99 and the S&P 500 jumped 44.31 points or 1 percent to 4,411.79.
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