US Stocks Finished In The Black On Friday As Fears Over European Debt Ebbed

US stocks posted gains on Friday and ended the second week of June in the positive territory. Investors looked beyond the disappointing May retail sales data and concentrated on optimistic consumer sentiments. Concerns over European debt woes also ebbed. The Dow Jones Industrial Average kept stirring sideways on Friday and ended at 10,211.07, up 0.4%, or 38.54 points. The measure rose 2.8% for the week. The S&P 500 Index jumped 0.4%, or 4.76 points, to 1,091.60. For the week, the S&P gained 2.5%. The Nasdaq Composite Index climbed 1.1%, or 24.89 points, to 2,243.60. The index was up 1.1% for the week. Top gainers at the Dow include Pfizer Inc PFE, which surged 3.7% to $15.46, and Microsoft Corp MSFT, which advanced 2.6% to $25.66. On the other hand, consumer shares led the losses, with Home Depot Inc HD declining 1.5% to $32.22 and Procter & Gamble Company PG slipping 1.5% to $61.01. Coca-Cola Company KO shed 0.7% to $51.65. At the S&P 500, the materials sector and the technology sector led to gains by rising 1.2% and 1.1%, respectively. Stewart Capital Advisors’ chief investment officer Malcolm Polly said, "People are seeing that the economy isn't booming, but it's also not getting worse. That's why the confidence numbers are getting a little better. But actual spending still isn't strong enough where we can say that we'll get a traditional consumer-led recovery." Read more from Benzinga's Markets.