U.S. stocks rose on Friday, sending the broader market to its best week in five months, as surprisingly strong economic data eased concerns about the economy's health and investors bet equities may be stabilizing after weeks of turmoil.

Based on the latest available data, The Dow Jones industrial average rose 142.99 points, or 1.08 percent, for an unofficial close at 13,378.87.

The Standard & Poor's 500 Index jumped 16.87 points, or 1.15 percent, to end unofficially at 1,479.37. The Nasdaq Composite Index gained 34.99 points, or 1.38 percent, for an unofficial finish at 2,576.69.

For the week, according to preliminary data, the S&P 500 rose 2.3 percent, while the Nasdaq gained 2.9 percent, and the Dow climbed 2.3 percent.