Updated from 4:26 p.m. EST

Stocks vaulted higher Friday, as a rally in shares of

Dell

(DELL) - Get Report

and some positive economic data brought out buyers for a second consecutive day.

The

Dow Jones Industrial Average

closed up 69.17 points, or 0.66%, to 10,539.01, having moved back into positive territory for the year on Thursday. The

S&P 500

gained 10.69 points, or 0.91%, to 1184.17, its highest level in three years, while the

Nasdaq

rose 24.07 points, or 1.17%, to 2085.34, a nine-month high.

The 10-year Treasury note rose 16/32 in price to yield 4.19%, while the dollar was lower against the yen and near a record low against the euro.

For the week, the Dow rose 152 points, or 1.5%; the S&P 500 gained 18 points, or 1.5%; and the Nasdaq rose 46 points, or 2.3%. It was the third up week in a row for all the major averages, each of which has added about 5% since President Bush was re-elected on Nov. 2. The S&P 500 is up about 6% on the year.

Stocks got a small boost from two economic reports. The Commerce Department reported a better-than-expected October retail sales number, up 0.2% compared with economists' estimate of up 0.1%. Secondly, the University of Michigan's consumer sentiment survey rose to 95.5 in early November, from a final reading of 91.7 in October. The consensus forecast of economists was 93.8.

Robert Pavlik, portfolio manager with Oaktree Asset Management, said the retail sales figures and consumer sentiment jump were a plus for investors.

"We seem to have broken out of a downtrend that lasted from February until the end of October," Pavlik said. "I think the election brought a lot of people back to the market who didn't want to miss out on a year-end rally. We've had a nice run."

"If we can maintain this level without having a major selloff, the market might be in a good position to extend a bigger rally," he added.

Oil ended floor trading unchanged, with crude for December delivery standing at $47.42. The contract has spent three days within a $2 range and is down almost 15% from its Oct. 25 high.

Dell rose 8.5% after saying third-quarter earnings rose 25% from a year ago to $846 million, or 33 cents a share, on an 18% jump in revenue to $12.5 billion. The results matched expectations, as did the PC giant's forecasts for the fourth quarter. The stock surged $3.19 to $40.44. More than 76 million shares changed hands, about 5 1/2 times the average volume.

Delta

(DAL) - Get Report

won a key victory in its effort to stay out of bankruptcy Thursday night, getting its pilots to approve a package of wage concessions that should save the company about $1 billion a year. The five-year package calls for wage cuts of 32.5% and will freeze the airline's defined benefit plans. Pilots will get stock options to buy about 30 million shares. Delta rose 55 cents, or 8.7%, to $6.84.

Pixar

(PIXR)

said third-quarter earnings rose about 90% to $22.4 million, or 38 cents a share, wiping out estimates for earnings of 24 cents a share. The company also raised its full-year earnings estimate to $2.10 to $2.20 a share, above the Thomson First Call consensus of $1.95 a share, and said it expects to reach a distribution agreement with a movie studio next year. The company has one more movie to release under its current contract with

Disney

(DIS) - Get Report

. Pixar rose $6.60, or 8.2%, to $86.54.

Chip and test-equipment maker

Agilent

(A) - Get Report

on Thursday night posted slightly lower-than-expected fourth-quarter earnings on a 9% sales increase to $1.82 billion. It also forecast another soft profit in the first quarter. Shares fell $3.10, or 12%, to $22.58.

Agilent expects chip demand to remain slack in the fiscal 2005 first quarter and says adjusted profits will drop as low as 14 cents a share on about $1.65 billion in sales. Wall Street was expecting an adjusted profit of 27 cents on $1.9 billion in sales, according to Thomson Financial. The stock was recently down $2.48, or 9.6%, to $23.20.

Overseas markets closed higher, with London's FTSE 100 adding 0.4% to 4794 and Germany's Xetra DAX adding 0.3% to 4143. In Asia, Japan's Nikkei rose 1.6% overnight to 11,020, while Hong Kong's Hang Seng added 1.2% to 13,784.