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.
On Friday:
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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