term funds. The Fed said it planned to conduct such bi-weekly auctions for as long as necessary. Light sweet crude for February gained $2.25 to settle at $93.31 a barrel on the New York Mercantile Exchange. The oil future jumped on the U.S. consumer-spending report. The Dow Jones industrial average rose 205.01, or 1.55 percent, to 13,450.65. The broader Standard & Poor's 500 index rose 24.34, or 1.7 percent, to 1,484.46. The technology-heavy Nasdaq composite index rose 51.13, or 1.9 percent, to 2,691.99. RIM led today's gainers after announcing late Thursday that it more than doubled its third-quarter results, helped by strong demand for its BlackBerry smart-phones. Shares gained nearly 11 percent. The New York Stock Exchange composite index rose 165.66 to 9,787.93. The American Stock Exchange composite index rose 47.01 to 2,404.38. And the Russell 2000 index rose 18.06 to 785.60.
