The S&P 500 closed positive for the year on Friday for the first time in 2016 as the US Federal Reserve's dovish tone and a strengthening economic outlook compelled investors to take on more risk.
The Dow Jones industrial average closed positive for the year for the first time in 2016 on Thursday.
Crude oil dipped on Friday as traders booked profits after strong seasonal demand and the US oil rig count rose for the first time since December.
The Dow Jones industrial average closed up 120.81 points, or 0.69 percent, to 17,602.3, the S&P 500 gained 8.97 points, or 0.44 percent, to 2,049.56 and the Nasdaq Composite had added 20.66 points, or 0.43 percent, to 4,795.65.
Eight of the 10 major S&P sectors closed higher, led by a 1.32-percent rise in the healthcare sector.
For the week, the Dow rose 1.8 percent, the S&P 500 gained 1.3 percent and the Nasdaq was up 1 percent. The CBOE volatility index, a gauge of what equity investors are willing to pay for protection against a drop on the S&P 500, closed at its lowest since early Aug. 18.
Bank of America and JPMorgan each climbed about 2.9 percent after the companies announced share buyback programs, giving the biggest boost to the S&P 500.
Shares of Adobe rose 3.8 percent at USD 93.42 after the Photoshop maker raised its full-year profit and revenue forecasts above expectations.
NYSE advancing issues outnumbered decliners 1,855 to 1,183, for a 1.57-to-1 ratio on the upside; on the Nasdaq, 1,827 issues rose and 1,000 fell for a 1.83-to-1 ratio favoring advancers. The S&P 500 posted 45 new 52-week highs and 2 lows; the Nasdaq recorded 84 new highs and 42 lows.
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