Markets Right Now: Stocks claw higher after a two-day rout
NEW YORK (AP) – The latest on developments in financial markets (all times local):
Stocks are solidly higher on Wall Street as the market makes up a small bit of the ground it lost in a massive two-day rout.
Longtime investor favorites like Apple and Amazon, which got clobbered in the past two days, had some of the biggest gains Friday. Amazon reclaimed 3 percent and Apple recovered 2 percent.
Indexes are up about 1 percent, but they’re still on track for their worst week since late March.
Citigroup jumped 1.4 percent after reporting higher earnings.
The S&P; 500 index rose 25 points, or 0.9 percent, to 2,753.
The Dow Jones Industrial Average rose 144 points, or 0.6 percent, to 25,197. The Nasdaq rose 115 points, or 1.5 percent, to 7,439.
Bond prices fell. The yield on the 10-year Treasury rose to 3.15 percent.