S&P rises 1 pct on materials, banks

By @ibtimes on

Stocks extended gains on Friday with the S&P 500 up slightly more than 1 percent, led by gains in banks, technology and commodity-related shares.

The Dow Jones industrial average <.DJI> added 82.23 points, or 0.68 percent, to 12,150.81. The Standard & Poor's 500 Index <.SPX> rose 14.14 points, or 1.08 percent, to 1,320.24. The Nasdaq Composite Index <.IXIC> gained 41.73 points, or 1.52 percent, to 2,779.63.

Wall Street rebounded from a sell-off earlier this week as oil prices eased from recent highs.

(Reporting by Rodrigo Campos; Editing by Jan Paschal)

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