The Surge Continues

U.S. stocks closed the week higher on Friday, with blue chips chalking up a third straight week of gains in a market rally fueled by semiconductor shares. The Dow Jones industrial average gained 0.7 percent for the week, ending at 10,796.01. Analysts said the market has nearly recovered from January’s selloff but remain split on whether the market would continue upward. But Friday’s tech surge was not enough to offset investor disappointment about lukewarm outlooks offered by Cisco Systems and Dell.