US stocks powered higher Friday in the wake of Europe's market gains amid confidence that central banks will keep easy money flowing to smooth any turbulence following Greek polls and to offset slower growth.
Gains were registered across all sectors, as investors shrugged off worries of an imminent, turbulent Greek exit from the eurozone after the country elects a new government Sunday.
The Dow Jones Industrial Average closed 115.26 points (0.91 percent) higher at 12,767.17.
The broad-market S&P 500 climbed 13.74 (1.03 percent) to 1,342.84, while the tech-rich Nasdaq Composite added 36.47 (1.29 percent) to 2,872.80.
"The major equity averages have extended the prior session's advance, which was helped along by headlines purporting that central banks have been proactive in preparing for the possible need for a coordinated effort in the wake of weekend elections in Greece," said Briefing.com
"Traders have also regarded a couple of doses of disappointing data as fodder for the Fed to take accommodative action when it meets next week."
Blue chips were strong. IBM gained 2.1 percent, Bank of America 3.1 percent, and Chevron 2.3 percent.
Nokia shares leaped 5.3 percent after earning an upgrade from analysts at Oppenheimer and Citigroup.
Microsoft added 2.3 percent and Facebook shares soared 5.9 percent to lead a surge in tech stocks. At $29.96, Facebook was 21 percent below its May 18 IPO price of $38 but well up from the June 6 low of $25.52.
Bonds surged. The yield on the 10-year Treasury bond dropped to 1.59 percent from 1.61 percent Thursday, while the 30-year bond fell to 2.69 percent from 2.71 percent.
Bond prices and yields move in opposite directions.
