Wall Street climbs but still headed for worst week in months
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By STAN CHOE
AP Business Writer
U.S stocks are on the rebound Friday, led by companies that would benefit the most from a healthier economy, as Wall Street claws back some of its sharp losses from earlier in the week. The S&P 500 was 1.1% higher in afternoon trading. Merck helped pace the market and leaped 9.6% after it said its experimental pill to treat COVID-19 cut hospitalizations and deaths by half. Airlines, hotels and companies hurt by restrictions on travel and other activites leaped to some of the biggest gains. The S&P 500 still remains on track for its worst week since Feburary.