NEW YORK - Stocks ended the week with a moderate gain Friday after the resignation of Egypt's President Hosni Mubarak eased investors' fears about a spread of violence to oil-producing countries.
The Dow Jones industrial average, down nearly 50 points early in the day as Mubarak tried to remain in office, closed up 44. The price of oil fell to a 10-week low.
The Dow rose 43.97, or 0.4 percent, to 12,273.26, its highest close since June 2008. For the week, the Dow rose 1.5 percent.
The Standard & Poor's 500 index rose 7.28, or 0.6 percent, to 1,329.15. It rose 1.4 percent for the week. The Nasdaq composite index rose 18.99, or 0.7 percent, to 2,809.44. It rose 1.4 percent for the week.
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