This Thursday, Feb. 28, 2013, photo shows specialist Fabian Caceres works at his post on the floor of the New York Stock Exchange. The stock market pushed higher Thursday afternoon, sending the Dow tantalizingly close to a record high. (AP Photo/Richard Drew)
News Summary: Stocks climb despite budget cuts
Published: 10:24:49 PM, Fri 01 March 2013 UTC
NUDGED: An encouraging manufacturing report helped turn the stock market higher Friday, reversing a morning drop. That gave it a slight gain for the week, even as a deadline for avoiding sweeping government spending cuts loomed.
OIL DROP: Oil and gas companies fell as crude oil prices sank to a low for the year. Halliburton and Peabody Energy were among the biggest losers in the S&P 500.
FINAL SCORE: The Dow Jones industrial average rose 35.17 points, or 0.3 percent, to close at 14,089.66. The Standard & Poor's 500 index rose 3.52 points, or 0.2 percent, to 1,518.20.
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