The stock market is closing higher on corporate deal news and an improved forecast from chipmaker Intel.
The Standard & Poor's 500 index rose six points, or 0.3 percent, to close at 1,936 Friday. The gain snapped a three-day losing streak for the index. The Dow Jones industrial average climbed 41 points, or 0.3 percent, to 16,775. The Nasdaq gained 13 points, or 0.3 percent, to 4,310.