The S&P 500 rose 0.4% to cap its biggest weekly gain since early November 2023 and briefly crossed above the 6,000 level for the first time. The Dow Jones Industrial Average climbed 259 points, or 0.6%, while the Nasdaq composite added 0.1%.

U.S. stocks coasted to the close of their best week in a year. The S&P 500 rose 0.4% Friday. The index posted its biggest weekly gain since early November 2023,