Wall Street rebounds from sharp fall, banks lead

MARKETS-USA-STOCKS-CLOSE:Wall Street rebounds from sharp fall, banks lead

new York  June 23, 2012, 1:56 IST

new York  06 23, 2012, 02:00 IST

 

U.S. stocks ended higher on Friday, led by gains in bank shares, as the S&P 500 index bounced back from its second-worst decline of the year.

The Dow Jones industrial average was up 67.21 points, or 0.53 percent, at 12,640.78. The Standard & Poor's 500 Index was up 9.51 points, or 0.72 percent, at 1,335.02. The Nasdaq Composite Index was up 33.33 points, or 1.17 percent, at 2,892.42.

For the week, the Dow fell 0.9 percent and the S&P 500 lost 0.6 percent while the Nasdaq rose 0.7 percent.