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For the week, most major indexes advanced solidly.
Ten of 11 stocks in a measure of home builders in S.& P. indexes advanced.
The three major stock indexes advanced last week on encouraging earnings from a broad range of companies, with many technology shares up sharply.
Major European stock indexes advanced Friday after Ms. Merkel backed a statement by Mario Draghi, the president of the European Central Bank, that the bank would do whatever it took to preserve the euro.
The benchmark indexes advanced earlier after the Conference Board's confidence index increased more than estimated, to 55.9, as the labor market improved, while companies like Apple and Travelers posted earnings that topped estimates.
Similar(55)
Stocks posted small gains Wednesday, with the major indexes advancing for the first time in five sessions, despite new reports of weakness in the housing and manufacturing industries.
The NASDAQ won the weekly battle of the indexes, advancing 1.9%.
The S.& P. Consumer Staples index advanced 1.1 percent.
The Philadelphia semiconductor index advanced 23percentt last week.
Morgan Stanley Capital International's world index advanced 0.1percentt.
The Standard & Poor's index advanced 20.42 points, to 929.01.
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