Tech shares lead Wall Street rally, S&P retakes 1,400

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November 24, 2012 5:28 AM EST

Stocks rose for a fifth straight day during a holiday-shortened, thin trading session on Friday, as investors picked up recently beaten down shares of large technology companies.

The Dow Jones industrial average <.DJI> rose 172.79 points, or 1.35 percent, to 13,009.68. The S&P 500 Index <.SPX> added 18.12 points, or 1.30 percent, to 1,409.15. The Nasdaq Composite Index <.IXIC> gained 40.30 points, or 1.38 percent, to 2,966.85.

For the week, the Dow gained 3.3 percent, the S&P added 3.6 percent and the Nasdaq rose 4 percent.

The S&P 500 closed above 1,400 and the Dow above 13,000 for the first time since November 6.

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Copyright 2012 Thomson Reuters. All rights reserved.

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