Saturday 17 October 2015

Wall St closes up, registers third week of gains

U.S. stocks ended higher on Friday, notching a third week of gains, lifted by a jump in General Electric shares and upbeat consumer sentiment data.

The S&P 500's three weeks of gains marked its longest winning streak since May and extended a rebound from the market's August selloff.

GE shares rose 3.4 percent to $29.98, hitting their highest level in seven years, after the company reported better-than-expected earnings. The stock was among the biggest boosts to the S&P 500 and Dow.

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