Stocks end higher, bouncing back from a drop the day before
Source: AP-Excite
By MATTHEW CRAFT
NEW YORK (AP) — The stock market bounced back on Friday as investors picked up companies that had dropped earlier in the week. Major indexes recovered nearly all their losses from a fall the day before.
"It's an odd day in the markets," said Jack Ablin, chief investment officer at BMO Private Bank. The news out Friday was mostly disappointing, he said. Big corporations' earnings reports weren't all that good.
Expedia was an exception. The online travel company turned in sales that topped Wall Street's estimates, driving its stock up $7.46, or 8 percent, to $101.69.
The Standard & Poor's 500 index climbed 22.78 points, or 1.1 percent, to finish at 2,108.29. That's after dropping 1 percent the day before.
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FILE - In this Monday, Aug. 8, 2011, file photo, a pedestrian walks past the New York Stock Exchange in New York. U.S. stocks headed higher in early trading, Friday, May 1, 2015, as the market bounces back from a steep decline the day before. Most Asian and European markets are closed for May 1, known as Labour Day in most of the world. (AP Photo/Jin Lee, File)
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