Stocks extend gains for fourth day

March 13, 2009 8:28:24 PM PDT
Stocks are ending higher for their fourth straight session as investors hunt for clues about whether the market will continue to recover.The gains have left stocks with their best week since November. Financial stocks are finishing Friday with stunning gains for the week as investors set aside some of their darkest worries about a collapse of major institutions.

According to preliminary calculations, the Dow Jones industrial average is closing up 54 at 7,224. The Standard & Poor's 500 index is up 6 at 757. The Nasdaq composite index is up 5 at 1,432.

More than 2 stocks rose for every one that fell on the New York Stock Exchange. Volume came to 1.61 billion shares.