Dow rallies 347 points as stocks close higher for the week

Stocks rallied on Friday as interest rates slipped further from a four-year high, pushing the major indexes higher for the week.

The Dow Jones industrial average closed 347.51 points higher at 25,309.99, with Intel as the best-performing stock. The S&P 500 gained 1.6 percent to end at 2,747.30, with utilities and energy as the best-performing sectors. The broad index also broke above its 50-day moving average — a key technical level — in afternoon trade.

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