Stocks closed higher on Wall Street on Friday after investors were encouraged by strong corporate earnings. Investors also took advantage of a slump Thursday to add to their holdings.

The Dow Jones industrial average rose 90.54 points, or 0.6 percent, to 14,512.03.

The Standard & Poor's 500 index closed up 11.09, or 0.7 percent, at 1,556.89.

The Nasdaq composite average closed up 22.40, or 0.7 percent, at 3,245.

For the week:

The Dow is down 2.08 points, or 0.01 percent.

The S&P 500 is down 3.81, or 0.2 percent.

The Nasdaq is down 4.07, or 0.1 percent.

For the year:

The Dow is up 1,407.89 points, or 10.7 percent.

The S&P 500 is up 130.70, or 9.2 percent.

The Nasdaq is up 225.49, or 7.5 percent.