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FILE - This Jan. 4, 2010, file photo, shows an historic marker on Wall Street in New York. Worries over the global economy weighed heavily on stock markets Monday, Feb. 8, 2016, with Europe bearing the brunt of the selling. And oil prices fell further, with the benchmark New York rate below $30 a barrel again. (AP Photo/Mark Lennihan, File)
FILE - This Jan. 4, 2010, file photo, shows an historic marker on Wall Street in New York. Worries over the global economy weighed heavily on stock markets Monday, Feb. 8, 2016, with Europe bearing the brunt of the selling. And oil prices fell further, with the benchmark New York rate below $30 a barrel again. (AP Photo/Mark Lennihan, File)

US stocks end a down week on an up note

U.S. stocks ended a down week on an up note, finishing sharply higher on the strength of energy and financial shares.

It was the market’s first up day since late last week. Despite the rebound Friday, the major indexes ended the week down about 1 percent.

Oil jumped 12 percent, helping lift energy company shares. Banks shares soared, led by JP Morgan Chase’s 8 percent gain. The financial sector has been the worst performing part of the market this year, but it led the advance Friday.

The Dow Jones industrial average rose 313 points, or 2 percent, to close at 15,973.

The Standard & Poor’s 500 index rose 35 points, or 2 percent, to close at 1,864. The Nasdaq composite rose 70 points, or 1.7 percent, to close at 4,337.

In related news, Energy agency says gasoline will average under $2 in 2016.

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