US stocks bounce back after two-day decline

Print
Email
|

Associated Press

Posted on February 22, 2013 at 10:02 AM

Updated Friday, Feb 22 at 10:04 AM

NEW YORK (AP) — U.S. stocks are opening higher after two days of declines.

Dow Jones industrial average is up 61.6 points to 13,942.20. The Standard & Poor's 500 gained 7.6 points to 1,510. The Nasdaq is up 19.2 points to 3,150.7.

There are no economic indicators and few corporate earnings reports due Friday.

Markets are bouncing back after being spooked by an apparent split among officials with the U.S. Federal Reserve over whether to push forward with economic stimulus programs, or to begin weaning the nation off of them.

Many investors also sensed that the Dow, which is getting close to an all-time high, had gotten ahead of itself.

The Dow is up 6 percent this year, the S&P 500 is up more than 5 percent, and the Nasdaq is up 3.7 percent.

Print
Email
|