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Dollar rises to third weekly gain; stocks jump, Dow up 0.38% Global equity markets rose on Friday as investors took in stride the possibility the Federal Reserve may hike interest rates in June, a view that helped US bond yields to rise and lifted the dollar to a third straight week of gains.
On Wall Street, the Dow Jones industrial average closed up 65.54 points, or 0.38 percent, to 17,500.94. The S&P 500 gained 12.28 points, or 0.6 percent, to 2,052.32 and the Nasdaq Composite added 57.03 points, or 1.21 percent, to 4,769.56.
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