NEW YORK — The stock market finished its second-best week in a year Friday as Europe’s debt problems appeared to get closer to a resolution.
Stocks ended higher for a fifth straight day, the longest winning streak in 2 1/2 months. The Dow Jones industrial average rose 75 points after Treasury Secretary Timothy Geithner called on European finance ministers at a meeting in Poland to reach a solution on Greece’s debt problems.
The Standard & Poor’s 500 finished the week with a 5.4 percent gain. It was the biggest increase for the broad market index since the first week of July.
The Dow climbed 75.91 points, or 0.7 percent, Friday to close at 11,509.09. The index jumped 186 points Thursday, its biggest gain of the week, after five central banks, including the U.S. Federal Reserve, said they would act together to support European lenders with unlimited dollar loans.
The S&P index gained 6.90, or 0.6 percent, to 1,216.01. The Nasdaq added 15.24, or 0.6 percent to 2,622.31.
Nine of the 10 company types in the S&P index rose. Energy companies fell 0.1 percent.
Officials from countries that use the euro met in Poland to discuss solutions to the long-simmering debt problems affecting the region. The group said it would not decide until next month whether Greece has qualified for its next round of bailout money. Investors had been hoping the question would be decided sooner.
In corporate news, BlackBerry maker Research in Motion Ltd. plunged 19 percent to $23.93 after reporting sharply lower revenue and income. The company faces stiff competition from Apple Inc.’s iPhone and phones that use Google Inc.’s Android software. RIM has lost 59 percent of its value this year.
Netflix Inc. lost 26 percent over the past two days, closing Friday at $155.19, after the movie-rental company lowered its forecast of U.S. subscribers.
Online retailer eBay jumped 5 percent to $33.69 after an analyst upgraded the company because of expected growth in its PayPal division.
