Stocks rally after erratic week of trading

NEW YORK -- Wall Street closed out another erratic week with a big gain Friday after investors took comments from President Bush and Federal Reserve Chairman Ben Bernanke as reassuring signs.

The Dow rose 119.01, or 0.90 percent, to 13,357.74. The Dow slipped 0.16 percent for the week; for the year the blue chip index is up 7.2 percent despite the volatility of the past month.

Broader stock indicators also rose. The Standard & Poor's 500 index rose 16.35, or 1.12 percent, to 1,473.99. For the week, the S&P fell 0.36 percent, leaving it with a 3.9 percent gain for the year.

The Nasdaq composite index rose 31.06, or 1.21 percent, to 2,596.36. Bucking the trend of other major indexes, it gained 0.76 percent for the week and is up 7.5 percent for the year.