NEW YORK — The WWD Composite Stock Index advanced a healthy 1.25 percent last week to 111.6 from 110.22, boosted in part by a rally in Dillard’s Inc.’s stock on speculation that Federated Department Stores Inc. may seek to acquire the retailer.

The S&P 500 rose 1.24 percent to 1,136.47 from 1,122.51 in a shortened trading week. The markets were closed Friday in honor of former President Ronald Reagan.

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