Stocks pull out of slump, end lower

The Dow rose 10.05, or 0.1 percent, to 10,012.23 after being down as much as 167 points.

For the week, the Dow lost 0.5 percent. The index hadn’t fallen for four straight weeks since July. The Dow is down 713 points, or 6.7 percent, since closing at a 15-month high of 10,725.43 on Jan. 19.

The broader Standard & Poor’s 500 index rose 3.08, or 0.3 percent, to 1,066.19 and ended down 0.7 percent for the week. The S&P 500 index hasn’t fallen four straight weeks since March.

The Nasdaq composite index rose 15.69, or 0.7 percent, to 2,141.12. It lost 0.3 percent for the week.

Gold fell. Oil dropped $1.95 to settle at $71.19 a barrel on the New York Mercantile Exchange.

The Russell 2000 index of smaller companies rose 3.30, or 0.6 percent, to 592.98.

Overseas markets fell following the global rout the day before. Britain’s FTSE 100 lost 1.5 percent, Germany’s DAX index dropped 1.8 percent, and France’s CAC-40 tumbled 3.4 percent. Japan’s Nikkei stock average fell 2.9 percent.

Tags: us business, business, stock, market, dow, jones, economy