U.S. stocks posted their best weekly gain since November 6, 2009, led to the upside by the S&P 500 index, rising 3.13%. Industrial and material companies were among the best performers this week.
What follows is a summary of this week's statistics on the markets.
88of the NASDAQ 100 components rose for the week
Best February Since
Sector Impact: 10 out of 10 sectors closed the week in positive territory, led to the upside by industrial and material stocks. Telecom companies were up the least this week, rising 0.83%.
Commodity Impact:Crude oil for March delivery rose for the second consecutive week, closing at $79.81 per barrel on Friday, up $5.68, or 7.66% for the week.
Currencies Impact: The euro hit a 9-month low versus the greenback during Friday's trading session, trading as lows as $1.3450, a day after the Federal Reserve hiked the interest rate used to charge banks for emergency loans.
Global Index Performance: