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Wall St ends higher on signs of credit thawing

http://www.reuters.com/article/businessN...

NEW YORK (Reuters) - Stocks ended one of their worst months on record, but signs of further thawing in credit markets lifted battered shares on Friday.

The Dow Jones industrial average was up 144.32 points, or 1.57 percent, to end unofficially at 9,325.01, based on the latest available data. The Standard & Poor's 500 Index was up 14.66 points, or 1.54 percent, to finish unofficially at 968.75. The Nasdaq Composite Index was up 22.43 points, or 1.32 percent, to close unofficially at 1,720.95.

For the week, the Dow unofficially rose 11.3 percent, its best one-week percentage gain since October 1974, while the S&P 500 unofficially climbed 10.5 percent, its best one-week percentage gain since at least January 1980. The Nasdaq unofficially climbed 10.9 percent for the week.

October was a different story, going down unofficially as the worst one-month percentage drop for the Dow since August 1998 and for the S&P 500, since the October 1987 market crash. For the Nasdaq, its percentage drop in October unofficially was the worst monthly percentage loss since February 2001.

(Reporting by Rodrigo Campos; editing by Jan Paschal)