Wall Street Extends Gains, Nasdaq Near 12-Year High

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Stocks extended gains on Friday, with the Nasdaq rising 1 percent, putting it within close reach of a 12-year high.

Stocks extended gains on Friday, with the Nasdaq rising 1 percent, putting it within close reach of a 12-year high.

The Dow Jones industrial average .DJI gained 47.66 points, or 0.34 percent, to 13,991.71. The Standard & Poor's 500 Index .SPX rose 7.47 points, or 0.49 percent, to 1,516.86. The Nasdaq Composite Index .IXIC was up 30.23 points, or 0.96 percent, at 3,195.37.

If the Nasdaq rises above 3,196.93, it would be the highest level since November 2000.

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