Markets end 2nd week of gains after Mubarak goes
US stocks closed out their second straight week of gains with a rally sparked after Egyptian President Hosni Mubarak resigned, easing tension around the region for now.
The Dow Jones industrial average was up 43.97 points, or 0.36 percent, at 12,273.26. The Standard & Poor's 500 Index was up 7.28 points, or 0.55 percent, at 1,329.15. The Nasdaq Composite Index was up 18.99 points, or 0.68 percent, at 2,809.44.
Europe's shares ended a three-day losing streak, with commodity stocks boosted by news that embattled Egyptian President Hosni Mubarak had stepped down.
The FTSEurofirst index of leading European shares ended 0.4 percent higher at 1,174.13. It has added 0.8 percent this week, extending the gains for the year to 4.7 percent.
European shares fell on Friday, extending the week's declines for a fourth successive day, with uncertainty in Egypt worrying investors and phone maker Nokia (NOK1V.HE) dropping in reaction to the announcement of its new strategy and a tie-up with Microsoft.
At 1210 GMT the pan-European FTSEurofirst 300 .FTEU3 index of top shares was down 0.4 percent at 1,164.41 points, after ending lower on Thursday on disappointing results news.
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