NEW YORK -- Stocks recorded their third big gain of the week Friday because of expectations that the central banks of countries around the world will step in to limit the damage from a debt crisis in Europe.
The Dow rose 115.26 points to close at 12,767.17, its highest finish since May 11. The Standard & Poor's 500 index climbed 13.74 points to 1,342.84, also its highest since May 11. The Nasdaq composite index rose 36.47 points to 2,872.80. For the week, the Dow rose 0.9 percent, the S&P gained 1 percent, and the Nasdaq was up 1.3 percent.