(CNBC) U.S. stocks climbed on Friday, adding to weekly gains, as quarterly results from companies including Microsoft and Procter & Gamble inspired investor enthusiasm.
"It's largely about the better-than-expected earnings today; P&G and Microsoft were both reassuring to investors. And falling gasoline prices mean the consumer has more spending money, so domestically, consumer spending is likely to pick up," said Kate Warne, investment strategist at Edward Jones.
The declining price of crude has nearly half of U.S. gas stations selling gas for less than $3.00 a gallon, with the national average at $3.07 a gallon, the lowest since January of 2011, according to AAA.
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