Morning Newsletter

S&P stages largest weekly rally since June

NEW YORK -- U.S. stocks climbed Friday, giving the Standard & Poor's 500 Index its biggest weekly rally since June, after data showed German business confidence unexpectedly expanded and the American holiday shopping season began.

Hewlett-Packard Co., Dell Inc. and Advanced Micro Devices Inc. gained more than 4.1 percent as computer companies led the advance. Macy's Inc. and Bed Bath & Beyond Inc. added at least 1.7 percent as millions visited stores on Black Friday.

The S&P 500 index rose 3.6 percent this week. The Dow Jones Industrial Average added 172.79 points, or 1.4 percent, to 13,009.68. The U.S. stock market closed at 1 p.m.