During the session, the index added 11.4 points, or 0.7%. Tech stocks were the day's outperformers sending the Nasdaq Composite (COMP) up 27.8 points, or 0.9%, to close at 3,307.02. In intraday activity, the COMP pegged a new 12-year high of 3,315.33.
The U.S. stock market closed out a volatile week of trading with solid gains for the S&P 500 and the Nasdaq Composite. The Dow closed the session up only 10 points, however, after IBM plunged in the wake of a weak fiscal first-quarter earnings report.