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NEW YORK, May 27 (Xinhua) -- U.S. stocks ended higher Friday, as investors assessed comments from U.S. Federal Reserve Chair Janet Yellen amid newly-released U.S. economic growth data.

The Dow Jones Industrial Average rose 44.93 points, or 0.25 percent, to 17,873.22. The S&P 500 added 8.96 points, or 0.43 percent, to 2,099.06. The Nasdaq Composite Index gained 31.74 points, or 0.65 percent, to 4,933.50.

Yellen said at Harvard University Friday that an interest rate hike in the next few months would probably be appropriate if economic data improve.

""Yellen surprised us all by saying a hike in the next few months is appropriate. She was not expected to discuss policy today. Her tone and comments were similar to Bill Dudley's, but her words carry more weight,"" said Chris Low, chief economist at FTN Financial, in a note.

On the economic front, U.S. real gross domestic product (GDP) increased at an annual rate of 0.8 percent in the first quarter of 2016, higher than the advance estimate of 0.5 percent, according to the second estimate released by the Commerce Department Friday.

Meanwhile, the final reading of consumer sentiment index published by Thomson ReutersUniversity of Michigan came in at 94.7 for May, missing market consensus.

For the week, all three major indices posted solid gains, with the Dow, the S&P 500 and the Nasdaq jumping 2.1 percent, 2.3 percent and 3.4 percent, respectively.

U.S. stock markets will be closed Monday for the Memorial Day holiday.

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BRUSSELS Cheap William Gholston Jersey , April 8 (Xinhua) -- The EU said on Friday the European Investment Fund (EIF) has signed two new agreements to provide a further 400 million euros (456.3 million U.S. dollars) in finance to innovative SMEs (small and medium-sized enterprises) in Italy over the next two years.

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The EIF and Banco Popolare have signed an agreement which would benefit 1 Cheap Kevin Pamphile Jersey ,500 innovative companies in Italy and will allow Banco Popolare to provide 300 million euros of bank loans to innovative companies over the next two years, said EIF's chief executive Pier Luigi Gilibert in a statement.

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The EIF is part of the European Investment Bank group. Its central mission is to support Europe's SMEs by helping them to access finance.


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