S&P 500 managed to rally into the close to end the week in a fresh record.

And within a whisker, of the intraday high touch at the start of March.

The rebounded energy prices was the biggest contributor to the rally.

Crude oil is taking a beating in recent weeks,

with the West Texas Intermediate dive with a six-month low early on Friday.

But oil managed to stage a recovery later in the day,

with the WTI ending the day with a 2.2 percent gain, the most as March.

That boiled U.S. energy stocks.

The S&P 500 sub-index ended Friday 1.6 percent higher.

It's sharpest one day gain since March 15th.

The markets largely shrugged off, better than expected in the U.S. unemployment data,

with the ten year U.S. treasury yield largely set at 2.34 percent.