Business Standard

Wall St bounces back, tech shares lead

Image

Reuters NEW YORK

NEW YORK (Reuters) - U.S. stocks rose on Friday as earnings from Google and other companies boosted technology shares, but it wasn't enough to prevent the S&P 500 from suffering its worst week since November.

The Dow Jones industrial average rose 10.37 points or 0.07 percent, to end unofficially at 14,547.51. The S&P 500 gained 13.64 points or 0.88 percent, to finish unofficially at 1,555.25. The Nasdaq Composite added 39.69 points or 1.25 percent, to close unofficially at 3,206.06.

For the week, the Dow and the S&P 500 each fell 2.1 percent and the Nasdaq lost 2.7 percent. It was the largest weekly percentage decline of the year for all three indexes.

 

(Reporting by Caroline Valetkevitch; Editing by Jan Paschal)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 20 2013 | 1:48 AM IST

Explore News