US STOCKS-Wall St rebounds with small-caps; Dow, S&P 500 dip for week

viernes 16 de mayo de 2014 17:05 GYT
 

* Russell 2000 ends up after near correction territory early

* J.C. Penney, Nordstrom soar a day after results

* Dow up 0.3 pct; S&P 500 up 0.4 pct; Nasdaq up 0.5 pct (Updates to close)

By Caroline Valetkevitch

NEW YORK, May 16 (Reuters) - U.S. stocks ended higher on Friday in a late-day rebound as small-cap names edged up after recent weakness and consumer discretionary shares advanced.

The Russell 2000 gained 0.6 percent, recovering after once again approaching correction territory, defined as a 10 percent drop from a recent high, earlier in the session.

The week has been marked by small-cap weakness, with the Russell index down 0.4 percent for the week. The Dow and the S&P 500 also slipped for the week, while the Nasdaq rose.

"The market's held in, and I think technically there's a sense it didn't break down. People came in expecting it was going to be another day like yesterday and the fact (is) it didn't turn out like that at all," said Ken Polcari, director of the NYSE floor division at O'Neil Securities in New York.

The S&P 500 climbed back above its 50-day moving average near 1,868, an area that has served as support.   Continuación...