In this Thursday, June 20, 2013, photo, specialist John Parisi, right, works with traders on the floor of the New York Stock Exchange.Asian stocks endured moderate losses Friday June 21, 2013 but European markets appeared set to stabilize even though investors remained edgy about a possible change of course by the U.S. Federal Reserve. (AP Photo/Richard Drew)
Stocks recover on Wall Street after 2-day plunge
The Associated Press
First Published Jun 21 2013 08:28 am • Last Updated Jun 21 2013 02:23 pm
The stock market is closing out a wild week with a modest gain.
The Dow Jones industrial average rose 41 points Friday, or 0.3 percent, to end at 14,799.
The Dow plunged 560 points Wednesday through Thursday after the Federal Reserve said it expected to end its bond-buying program by the middle of next year if the economy continues to improve.
The Standard & Poor’s 500 index rose four points, or 0.3 percent, to 1,592 points.
Technology stocks fell after business software maker Oracle disappointed investors late Thursday with flat revenue.
The Nasdaq composite fell seven points, or 0.2 percent, to 3,357.
Slightly more stocks rose than fell on the New York Stock Exchange. Trading volume was very heavy at 5.5 billion shares.
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