Stocks ended with strong gains Friday, building on the previous session's bounce as major benchmarks trimmed weekly losses. The Dow Jones Industrial Average
DJIA,
+1.06%
rose around 361 points, or 1.1%, to end near 34,382, according to preliminary figures. The S&P 500
SPX,
+1.49%
finished around 61 points higher, up 1.5%, near 4,174, while the Nasdaq Composite
COMP,
+2.32%
rallied around 305 points, or 2.3%, to close near 13,430. Friday's gains were broad based, with tech-related shares rising alongside stocks tied more closely to the economic reopening. Equities slumped earlier in the week and tumbled hard on Wednesday after data showed a hotter-than-expected rise in the April consumer price index. The bounce left the Dow with a weekly loss of 1.1%, while the S&P 500 stumbled 1.4% and the Nasdaq declined 2.3%.