Late surge help U.S. markets to end the week in green

Late surge help U.S. markets to end the week in greenPropelled by a late-afternoon surge, U. S. stock indexes to close on Friday in positive territory.

Finishing the session at 10,211.07, up 38.54 points, or 0.38 percent, the Down Jones Industrial average increased its push above the 10,000-point mark.

Closing at 2,243.60, with an increase of 24.89 points, the Nasdaq ended trading up 1.21 percent.

The Standard & Poor's 500 gained 4.76 points, ending the day at 1,091.60, up 0.44 percent.

It was also reported that a weaker-than expected retail report kept the market in check through most of the session, but the Dow and the S&P 500 began their climb into the black in the last 30 minutes of trading.

The Nasdaq was trading slightly up most of the day.

U. S. retail sales fell 1.2 percent in May, the first drop in eight months and not the slight increase hoped for by economists, the Commerce Department has reported.

Jason Schenker of Prestige Economics in Austin, Texas, told MarketWatch. com on Friday, "At the end of the day, the retail sales was the most critical" piece of data.

On the New York Stock Exchange, the listed volume was $4.06 billion.

The yield for the 10-year U. S. Treasury note was pushed down to down to 3.238 percent.

From Thursday's $1.2141, the euro fell to $1.2108. The dollar, against the yen, rose to 91.69 yen from Thursday's 91.31 yen. (With Inputs from Agencies)