Stocks rose modestly Friday as Saudi Arabia indicated that the Organization of Petroleum Exporting Countries should increase its daily output by more than 2 million barrels a day.
The Dow gained 29.10, or 0.3 percent, to 9966.74. Earlier in the session, the Dow had been up 99 points from Thursday's close.
Broader stock indicators were also moderately higher. The Standard & Poor's 500-stock index rose 4.37, or 0.4 percent, to 1093.56, and the Nasdaq composite index was up 15.50, or 0.8 percent, at 1912.09, breaking past the 1900 mark for the first time since last Friday.
For the week, the Dow finished 0.5 percent lower and the S&P 500 was down 0.2 percent, while the Nasdaq gained 0.4 percent. It was the third straight week of losses for the Dow and S&P 500. The Nasdaq reversed a two-week slide.
It was the first week the Dow finished below 10,000 since the week ended Dec. 5, 2003.
Investors were somewhat more inclined to buy after Thursday's report of a lower-than-expected increase in the Conference Board's Index of Leading Economic Indicators. The report indicated that the economy might not be overheating as much as feared, and many investors interpreted that as relieving some of the pressure on the Federal Reserve to raise interest rates.
The change in sentiment allowed investors to react enthusiastically to upbeat earnings reports for the first time in weeks. Wall Street largely had shrugged off solid first-quarter reports last month as investors were fixated on interest rates and the possibility that higher borrowing costs would erode results for the coming quarters.
Nordstrom rose $2.67, to $39.90, after beating Wall Street's expectations with first-quarter profit that more than doubled on a 13 percent gain in sales at stores open more than a year.
Gap was up 7 cents, at $22.58, following news that the clothing retailer boosted its first-quarter profit by 54 percent, matching analysts' expectations.
General Motors slipped 38 cents, to $43.08, after announcing it will cut 872 jobs at its Saturn plant in Delaware.
SBC Communications was up 2 cents, at $24.33, following a strike by 100,000 workers who walked off the job early Friday to protest the phone company's latest contract offer.
* The New York Stock Exchange composite index rose 31.00, to 6308.12; the American Stock Exchange index rose 2.87, to 1174.06; and the Russell 2000 index of smaller-company stocks rose 5.06, to 545.81.
* Advancing issues outnumbered declining ones by 2 to 1 on the NYSE, where trading volume rose to 1.26 billion shares, from 1.2 billion on Thursday. On the Nasdaq Stock Market, advancers outnumbered decliners by 7 to 4 and volume totaled 1.36 billion, down from 1.52 billion.
* The price of the Treasury's 10-year note fell $4.06 per $1,000 invested, and its yield rose to 4.76 percent, from 4.71 percent on Thursday.
* The dollar fell against the Japanese yen and the euro. In late New York trading, a dollar bought 112.20 yen, down from 112.85 late Thursday, and a euro bought $1.2009, up from $1.1930.
* Light, sweet crude oil for July delivery settled at $39.93, down 87 cents, on the New York Mercantile Exchange.
* Gold for current delivery rose to $384.80 a troy ounce, from $378.40 on Thursday, on the New York Mercantile Exchange's Commodity Exchange.