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AP National Business

Stocks rise on Wall Street, but still head for weekly losses

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Published 12:29 PM

By DAMIAN J. TROISE
AP Business Writer

Stocks rose broadly in late trading on Wall Street on Friday, but remain on track for weekly losses. Technology and communications companies led the modest gains. The S&P 500 rose 0.7%, the Dow Jones Industrial Average rose 0.6% and the Nasdaq rose roughly 1%. Every major index is on track to end with their first weekly loss in six weeks. Health care giant Johnson & Johnson gained ground on news it’s splitting its key businesses. Spectrum Brands, owner of Cutter bug spray and George Foreman grills, soared after reporting strong quarterly earnings. Bond yields rose. Banks and energy stocks lagged the market.

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