The Associated Press
The stock market stabilized on Friday, booking a small gain, but it wasn’t enough to prevent the biggest weekly drop since early April.
Tobacco company Lorillard was among the biggest gainers in the Standard & Poor’s 500 index after rival Reynolds America said it was in talks to acquire the company.
The Dow Jones industrial average rose 28.74 points, or 0.2 percent, to close at 16,943.81.
The Standard & Poor’s 500 index gained 2.89 points, or 0.2 percent, to 1,967.57.
The Nasdaq composite index climbed 19.29 points, or 0.4 percent, to 4,415.49.
For the week:
The Dow is down 124.45 points, or 0.7 percent.
The S&P 500 is down 17.87 points, or 0.9 percent.
The Nasdaq is down 70.44 points, or 1.6 percent.
For the year:
The Dow is up 367.15 points, or 2.2 percent.
The S&P 500 index is up 119.21 points, or 6.5 percent.
The Nasdaq is up 238.90 points, or 5.7 percent.
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