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Stocks in the US closed mixed in thin trading Friday ahead of the three-day holiday weekend, but all major averages logged robust gains for the week following some positive economic news and amid optimism that Greece will soon find a solution to its debt crisis.
The Dow Jones Industrial Average rose 45.79 points, or 0.35 percent, to close at 12,949.87, just shy of the psychologically-important 13,000 mark. The S&P500 added 3.19 points, or 0.23 percent, to end at 1,361.23. Meanwhile, the Nasdaq pulled back 8.07 points, or 0.27 percent, to finish at 2,951.78 after several days of gains.
Optimism in Europe grew after German officials gave up plans to pressure Greece by withholding part of the bailout. European shares ended higher as investors bet that Greece would sign a deal to secure a second bailout, avoiding a messy default.
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