Sony 'Made a Mistake' Says Obama; Nike Pressures the Blue Chips

Stocks wrapped up the last full trading week of the year with the biggest weekly gain in nearly two years for the S&P 500.
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Stocks wrapped up the last full trading week of the year with the biggest weekly gain in nearly two years for the S&P 500. This week's ginormous rally was sparked by the Fed's pledge to be 'patient' on its timeline to raise interest rates. Crude futures were up $2.77 to settle at $57.13 a barrel. Energy stocks were among today's leaders. Nabors Industries (NBR) gained almost 15%. Transocean (RIG) is up about 8%. Nike (NKE) put pressure on the Dow. Shares closed more than 2% lower after the athletic apparel maker warned of slowing future orders. The FBI has officially linked North Korea to the Sony (SNE) hack attack, which led to the movie 'The Interview' being pulled from release. President Obama said that was a mistake and wished Sony had spoken to him first. Shares of Sony closed more than 2.5% lower.