A screen on the trading floor of the New York Stock Exchange, Friday, Feb. 1, 2013, shows the Dow Jones industrial average above 14,000 for the first time since October 2007. Evidence that the U.S. economic recovery is firmly on track drove markets higher on Friday, adding to the cheer from good economic indicators out of Europe.(AP Photo/Richard Drew)
The Dow Jones industrial average closed up 35 points at 14,089 Friday, overcoming an early loss of 116 points.
Big swings have come back to the stock market over the past week following relatively calm trading in January and most of February. The automatic budget cuts, worries over how soon the Fed may wind down its economic stimulus and Italy's inconclusive elections have made trading more volatile.
The Standard & Poor's 500 index rose three to 1,518. The Nasdaq rose nine to 3,169.
Four stocks rose for every three that fell on the New York Stock Exchange. Trading volume was average, 3.7 billion shares.
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