Stocks close higher, S&P 500 post biggest weekly gain since 2013

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Title : Stocks close higher, S&P 500 post biggest weekly gain since 2013
Link : Stocks close higher, S&P 500 post biggest weekly gain since 2013

The market soon stabilized after Deputy Attorney General Rod Rosenstein emphasized in a press conference that these indictments had no allegations of willing support to the Russians by Americans. "The nature of the scheme was that the defendants took extraordinary steps to make it appear that they were ordinary American political activists," he said.

"One of the key point is there's no finding that this actually affected the election results," said Art Hogan, chief market strategist at B. Riley FBR. "To the extent this is a first blush, it doesn't look market negative."

The Dow Jones industrial average closed 19.01 points higher at 25,219.38, with Pfizer as the best-performing stock in the index. The Dow also posted its sixth straight day of gains. At its session highs, it rose 232.05 points. (Read More)