(By Salman - iStockAnalyst Writer)US stocks finished with solid gains on Friday as beleaguered automaker General Motors (NYSE: GM) got the first $4 billion of a series of emergency loans from the US Treasury.  

The Dow Jones Industrial Average gained 258.30 points or 2.94% to finish at 9,034.69. The S&P 500 jumped 55.18 points or 3.16% to 931.80. The Nasdaq Composite surged 55.18 points or 3.50% to 1,632.21.

For the week, Dow was up 519.14 points or 6.09%. S&P rose 59 points or 6.75%, while Nasdaq Composite settled with a weekly gain of 101.97 points or 6.6%.

General Motors Corp rallied 46 cents or 14.41% to $3.66 after it received $4 billion in emergency loans from the Treasury to help the automaker avoid bankruptcy. Ford Motor Co. (NYSE: F) advanced 7 cents  or 7.42% to $2.46.

Alcoa Inc. (NYSE: AA), the largest US aluminum producer, surged 90 cents or 7.99% to $12.16.

Among financial stocks, Citigroup (NYSE: C) soared 43 cents or 6.41% to $7.14 after Chief Executive Vikram Pandit, Chairman Win Bischoff and senior adviser Robert Rubin agreed to forego their 2008 bonuses. Bank of America Corp. (NYSE: BAC) jumped 37 cents or 2.63% to $14.45.Credit ratings agency Fitch on Friday affirmed issuer default ratings for Bank of America and Wells Fargo & Co. (NYSE: WFC) after they completed acquisitions of Merrill Lynch & Co and Wells Fargo & Co. Morgan Stanley (NYSE: MS) added 95 cents or 5.92% to end at $16.99. American Express Co. (NYSE: AXP) climbed 93 cents or 5.01% to $19.48.

The Financial Industry Regulatory Authority said on Friday that two subsidiaries of E*Trade Financial Corp (NASDAQ: ETFC) units were slapped with a fine of $1 million for failing to implement anti-money laundering policies to detect suspicious trades. Shares of the company were up 16 cents or 13.91% at $1.31 on Friday.

The Federal Deposit Insurance announced on Friday that IndyMac Bank has been sold to private-equity investors led by Steven Mnuchin of Dune Capital Management LP for $1.3 billion.

Shares of diversified firm General Electric Co. (NYSE: GE) finished at $17.07, up 87 cents or 5.37%.

Energy stocks rose. Exxon Mobil (NYSE: XOM) and Chevron Corp. (NYSE: CVX) added 2.41% and 3.95% respectively.

Among technology stocks, Microsoft (NASDAQ: MSFT) jumped 94 cents or 4.84% to $20.38. iPhone maker Apple Inc. (NYSE: AAPL) rallied $5.40 or 6.33% to $90.75. IBM (NYSE: IBM) and Intel Corp. (NYSE: INTC) gained over 3%.

Boeing Co. (NYSE: BA) increased $2.83 or 6.63% to $45.50.Equipment maker Caterpillar Inc. (NYSE: CAT) rose $2.25 or 5.03% to close at $46.91.

Home-improvement retailer Home Depot, Inc. (NYSE: HD) added $1.11 or 4.82% to $24.13.

Walt Disney Company (NYSE: DIS) rose $1.30 or 5.73% to $23.99.

Shares of Starwood Hotels & Resorts Worldwide Inc.