Summary Box: Stocks end a down week on an up note (AP)
SOUR NOTES: Troubling questions over Europe’s financial health and manufacturing in the U.S. weighed down stock prices for much of the day. Indexes rallied late in the afternoon Friday.
GOOGLE ME: Google jumped nearly 13 percent, the most of any stock in the Standard and Poor’s 500 index, after the company said its revenue hit a record last quarter. Google’s earnings pushed tech stocks in the S&P index broadly higher.
THE WEEK: Late gains trimmed the S&P 500′s weekly losses to 2.1 percent. Had the index closed where it was at 2:30pm it would have been down 2.6 percent for the week, the worst loss since last August.
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July 15, 2011
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Posted by Stephanie Sharland
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