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Empresas y finanzas

Market ends up as Mubarak quits


    NEW YORK (Reuters) - Stocks closed out their second straight week of gains with a rally on Friday sparked after Egyptian President Hosni Mubarak resigned, easing tension around the region for now.

    The S&P's five-month surge, which has taken it up almost 27 percent, has confounded those calling for a correction, but weak volume undercuts the unfailingly bullish direction in equities.

    Financials led on the back of the reduced uncertainty, rising throughout the trading day.

    The Dow Jones industrial average was up 43.97 points, or 0.36 percent, at 12,273.26. The Standard & Poor's 500 Index was up 7.28 points, or 0.55 percent, at 1,329.15. The Nasdaq Composite Index was up 18.99 points, or 0.68 percent, at 2,809.44.

    For the week, the Nasdaq and S&P 500 each gained 1.4 percent while the Dow rose 1.5 percent.

    (Reporting by Caroline Valetkevitch; Editing by James Dalgleish)