Wall Street ends up on "fiscal cliff" hopes

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November 17, 2012 8:28 AM EST

Hope that politicians would find common ground to steer clear of the "fiscal cliff" boosted stocks on Friday, though the gains were not enough to offset the week's losses.

The Dow Jones industrial average <.DJI> gained 45.85 points, or 0.37 percent, to 12,588.23. The S&P 500 <.SPX> rose 6.53 points, or 0.48 percent, to 1,359.86. The Nasdaq Composite <.IXIC> added 16.19 points, or 0.57 percent, to 2,853.13.

For the week, the Dow fell 1.8 percent, the S&P dropped 1.5 percent and the Nasdaq lost 1.8 percent.

(Reporting by Rodrigo Campos; Editing by Kenneth Barry)

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Copyright 2012 Thomson Reuters. All rights reserved.

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