S&P 500 rises for seventh week

The S&P 500 ended a seventh straight week of gains on Friday with a banks-led rally after encouraging results from JPMorgan Chase & Co (JPM.N).

The Dow Jones industrial average (.DJI) was up 55.48 points, or 0.47 percent, at 11,787.38. The Standard & Poor’s 500 Index (.SPX) was up 9.48 points, or 0.74 percent, at 1,293.24. The Nasdaq Composite Index (.IXIC) was up 20.01 points, or 0.73 percent, at 2,755.30.