Wall Street advances; Dow up 261 points

Wall Street soared to a broad-based weekly gain. With Federal Reserve action and declining commodity prices helping to offset worries about the economic slowdown.

Stocks rallied, led by financials after analysts said more mortgage purchases by Fannie Mae and Freddie Mac will help stabilize the home-loan market. 

Other financials jumped more than 10 percent each as investors speculated the Federal Reserve is succeeding at stemming losses in credit markets.

The Dow gained 261.66 points, or 2.16%, to 12,361.32. The Standard & Poor's 500 index added 31.09 points, or 2.39%, to 1,329.51, and the Nasdaq composite index advanced 48.15 points, or 2.18%, to 2,258.11.

A look at how the Indian ADRs performed: