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Stocks rise for a third week in a row

Wall Street Stocks
Posted at 6:56 PM, May 10, 2013
and last updated 2013-05-10 18:56:00-04

NEW YORK (AP) — The stock market is closing out its third straight week of gains, led by small-company stocks.

The Dow Jones industrial average rose 35 points to 15,118 points Friday, a gain of 0.2 percent. The Dow rose 1 percent for the week and 15 percent so far this year.

The Standard & Poor's 500 rose seven points to 1,633, or 0.4 percent. The Nasdaq rose 27 points to 3,436, or 0.8 percent.

Small-company stocks rose even more than the rest of the market.

The Russell 2000 rose nine points, or 0.9 percent, to 975. Its weekly gain of 2.2 percent is twice as much as the Dow and S&P 500.

Two stocks rose for every one that fell on the New York Stock Exchange. Volume was light at 3 billion shares.