Stocks Close The Week Higher (SPY, QQQQ, GLD, USO, TLT, UUP)

Stocks rallied to end the week despite a worse than expected non-farm payrolls number. The lackluster jobs number appears to have given market participants more confidence in the imminence of QE II. The Dow Jones Industrial Average closed 58 points higher at 11,006. The widely watched blue-chip index traded in a range between 10,929 and 11,032. The SPDR S&P 500 ETF SPY jumped 0.56% to $116.54. Volume was on the light side with only 170.6 million SPY shares trading hands compared to a 3-month daily average of 201.7 million. SPY has now gained 4.57% year-to-date. The PowerShares QQQ Trust ETF QQQQ, which tracks the performance of the Nasdaq 100, gained 0.69% to $49.75. Gold moved higher again during Friday's trading session. COMEX gold futures jumped 0.97% to $1,347.90. The SPDR Gold Trust ETF GLD surged 1% to close at $131.66. The 52-week high in the GLD is at $132.67. Oil also surged on the day. NYMEX crude futures gained 1.43% to close at $82.84. The United States Oil Fund ETF USO jumped 1.95% to $36.15 in New York Stock Exchange trading. The USO has now gained over 9% in the last month alone. Treasury prices fell on Friday, as investors moved out of U.S. debt. The iShares Barclays 20+ Year Treasury Bond ETF TLT lost 0.44% and closed the week at $104.22. The yield on the 10-Year Note is currently at 2.39%. The U.S. Dollar continued its precipitous fall. The PowerShares DB US Dollar Index Bullish ETF UUP, which tracks the performance of the dollar versus a basket of foreign currencies, lost 0.36% to $22.40. The closely watched EUR/USD pair is trading at $1.3927.