- 05Nov
(Reuters) - The S&P 500 rose on Friday as banking stocks surged following reports in the last session that the Federal Reserve would allow some stronger banks to increase dividend payments.
The Dow Jones industrial average .DJI gained 4.88 points, or 0.04 percent, to 11,439.72. The Standard & Poor's 500 Index .SPX rose 4.74 points, or 0.39 percent, to 1,225.80. The Nasdaq Composite Index .IXICadded 1.83 points, or 0.07 percent, to 2,579.17.
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S&P 500 boosted as banks surge
