Updated from 4:43 p.m. EDTStocks in New York closed 1% to 2% higher, although off their best levels of the session Friday, after the U.S. government released the parameters for the so-called stress tests being conducted on the nation's large banks. The Dow Jones Industrial Average rose 119.23 points, or 1.5%, to 8076.29, while the S&P 500 climbed 14.31 points, or 1.7%, to 866.23. The Nasdaq gained 42.08 points, or 2.6%, to 1694.29. For the week, the Dow lost 0.7%, and the S&P 500 fell 0.4%. That meant an end to six-week winning streaks for both. The Nasdaq, however, advanced 1.3%. In a 21-page report, the Federal Reserve shared the process used for the Supervisory Capital Assessment Program, or stress test.