–U.S. stocks rally amid hope for euro-zone progress
–Europe markets mostly lower; Spain up on hopes for financial support
–Concerns about Chinese economic data temper sentiment
NEW YORK–Stocks rallied Friday, extending major benchmarks’ biggest weekly gains of the year, as speculation about potential Spanish bailout talks this weekend buoyed sentiment.
The Dow Jones Industrial Average climbed 93.24 points, or 0.7%, to close at its daily high of 12554.20. The gain was the average’s fourth-straight rise and capped its biggest weekly advance since December, largely thanks to a nearly 287-point rally Wednesday on hopes of more stimulus from central banks.