U.S. stocks rose Friday as China’s currency stabilized and crude oil prices steadied after falling to a six-year low.
Nordstrom and J.C. Penney climbed after both retailers reported better-than-expected earnings.
For the day:
The Dow Jones industrial average rose 69.15 points, or 0.4 percent, to 17,477.40.
The Standard & Poor’s 500 index gained 8.15 points, or 0.4 percent, to 2,091.54.
The Nasdaq composite climbed 14.68 points, or 0.3 percent, to 5,048.24.
For the week:
The Dow is up 104.02 points, or 0.6 percent.
The S&P 500 index is up 13.97 points, or 0.7 percent.
The Nasdaq is up 4.69 points, or 0.1 percent.
For the year:
The Dow is down 345.67 points, or 1.9 percent.
The S&P 500 index is up 32.64 points, or 1.6 percent.
The Nasdaq is up 312.18 points, or 6.6 percent.