The U.S. stock market closed Friday afternoon with four straight weeks of gains — something not seen since November.
The Dow Jones Industrial Average traded more than 200 points higher and the S&P 500 topped 2,000 on Friday, highs for both indexes that have not been seen since early January, CNBC reports. The S&P was also only 1.3% lower when compared to its performance a year ago. The Dow closed at 17,213 for the week.
Rising oil prices and increased investor confidence following European Central Bank announcements on stimulus helped the markets close high.
This month of positive growth should calm investors who were panicking earlier this year about the market’s slumping stocks, triple-digit daily dips, and the aging bull market, which entered its seventh year earlier this week.