document: Unemployment drop boosts stocks Unemployment report showing a gain of 216,000 jobs provided a lift for stocks . With unemployment rate at a two-year low , the Dow rose 56 points . By Abby Schultz and JeeYeon Park , CNBC.com Stocks ended off the highs of the day as technology slumped , but a surprisingly strong jobs report gave a lift to the market as it ended higher for a second straight week . The Dow Jones Industrial Average rose 56.99 points , or 0.5 percent , to close at 12,376.72 . The blue-chip index gained 156.13 points , or 1.3 percent , this week , and was up for the second week in a row , rising 4.37 percent . Caterpillar rose the most on the Dow for the week , gaining nearly 3.7 percent for the week , while Hewlett-Packard fell the most , losing 3.65 percent . The S&P 500 rose 6.58 points , or 0.5 percent , to close at 1,332.41 . For the week , the S&P rose 18.61 points this week , or 1.4 percent . The S&P 500 has risen 4.2 percent over the last two weeks . AT&T rose the most on the S&P Index this week , gaining more than 6 percent , while Apple fell the most , losing nearly 2 percent . The Nasdaq gained 8.53 points , or 0.3 percent , to 2,789.60 on Friday . For the week , the tech-heavy index gained 46.54 points this week , or 1.7 percent . The Nasdaq has risen 145.93 points , or 5.5 percent , in the past two weeks . The CBOE Volatility Index , widely considered the best gauge of fear in the market , fell below 18 . Among key S&P sectors , industrials and consumer staples gained , while technology and telecom fell . While some investors do n't expect the strong showing from the beginning of the year to extend through April , Ryan Detrick , senior technical analyst at Schaeffer 's Investment Research points out that April has proven to be a very strong month for the last five years , posting returns of more than 4 percent . '' `` We would not be shocked if we have an upward surprise in earnings season , and that could be a major catalyst to higher prices in April , '' '' Detrick sad . Another technical point in the market 's favor : when the S&P 500 rises more than 5 percent in a quarter -LRB- like it just did -RRB- , it 's very bullish for April as well as the rest of the year , according to Schaeffer 's research , which notes that this has happened only four times since 1987 . In these instances , the S&P 500 averages a return of more than 16 percent for the rest of the year , Schaeffer said .
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