U.S. stocks jumped about 1% to close near highs on Friday, continuing several days of alternating gains and losses as investors weighed a weaker dollar amid options expirations.
The Dow Jones Industrials spiked 168.69 points, to 18,127.72, a rise of 378.41 points, or 2.1% on the week.
The S&P 500 gained 19.92 points to 2,109.19, just shy of its record close of 2,117.39
The NASDAQ index added 36.60 points to 5,028.98. The index approached its 15-year record closing high of 5,048.62 as biotech stocks traded higher. Apple and Facebook also gained.
Nike topped Wall Street's earnings estimates on Thursday, but sales figures came in below expectations as it struggled with the negative impacts of a stronger dollar
Tiffany reported results before the opening bell that showed a 1% drop in quarterly sales, hurt by a stronger dollar and weak demand during the holiday shopping season.
Darden Restaurants reported same store sales rose 3.6% in the most recent quarter, and boosted its outlook for the full year.
Atlanta Federal Reserve President Dennis Lockhart said on Friday he sees an interest rate "lift-off" by September.
He expects the U.S. central bank to raise interest rates at either its June, July or September policy meetings, barring a significant downturn in the U.S. economy.
Prices for 10-year U.S. Treasuries gained ground, lowering yields to 1.93% from Thursday’s 1.95%. Treasury prices and yields move in opposite directions.
Oil prices gushed $1.76 to $45.72 U.S.
Gold prices gained $12.60 to $1,181.60 U.S.