The Hunt for the Next 10 Bagger

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Dow gain biggest in over 4 months
S&P 500, Dow gain over the week
NEW YORK (MarketWatch)—Wall Street closed sharply higher Friday and posted modest gains for the week as risk appetite returned after news reports that Russia ended military exercises on the Ukrainian border.

The S&P 500 (SNC:SPX) closed 22.02 points, or 1.2%, to 1,931.59 and finished the week 0.3% higher. The Dow Jones Industrial Average (DJI:DJIA) jumped 185.66 points, or 1.1%, to 16,553.93, its biggest one-day percentage gain in more than 4 months. The blue-chip index gained 0.3% over the week.

The Nasdaq Composite (NASDAQ:COMP) gained 36.08 points, or 0.8%, to 4,371.07 and recorded a 0.4% weekly gain.

The Russell 2000 (RSU:RUT) rose 11.8 points, or 1% to the preliminary 1,131.55 and gained 1.5% over the past five days, outperforming large-cap stocks.

Headlines from Russia and the Middle East dominated news on Friday. Russian news agency RIA quoted a senior official saying Russia is seeking to de-escalate tensions with Ukraine, followed by another report that it ended military exercises near the border with Ukraine. http://www.marketwatch.com/story/us-stocks-futures-feel-the-weight-of-geopolitical-worries-2014-08-08