(CNBC) U.S. stocks closed mostly higher Friday on new hopes for tax reform, with the Dow notching its first weekly gain in the last three weeks.
Markets also got a boost from speeches by Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi. Yellen said the financial system is safer now than it was in the years surrounding the housing crisis, while Draghi said the global recovery is "firming up."
The Dow Jones industrial average closed 30.27 points higher to end at 21,813.67, with Home Depot and IBM contributed the most to the gains. The S&P 500 ended 0.17 percent higher to close at 2,443.05, after energy and telecommunications added the most to the gains. The Nasdaq composite fell 0.09 percent to end at 6,265.64.
Advertisement - story continues below