Wall Street

(Reuters) - Stocks surged on Friday, driving the S&P 500 to its highest level since May 4 as hopes increased that the Federal Reserve and the European Central Bank may provide further stimulus.

The Dow Jones industrial average .DJI shot up 187.95 points, or 1.46 percent, to end unofficially at 13,075.88. The Standard & Poor's 500 Index .SPX gained 25.96 points, or 1.91 percent, to finish unofficially at 1,385.98. The Nasdaq Composite Index .IXIC climbed 64.84 points, or 2.24 percent, to close unofficially at 2,958.09.