US STOCKS-Wall St rebounds from selloff; indexes up for the week

viernes 18 de julio de 2014 16:50 GYT

* Google leads tech advance; GE slips after earnings

* Obama condemns Russia after Malaysian airliner downed in Ukraine

* Small-cap index gains after 3-day losing streak

* Dow up 0.7 pct; S&P 500 up 1 pct; Nasdaq up 1.6 pct (Updates to close)

By Angela Moon

NEW YORK, July 18 (Reuters) - U.S. stocks rose on Friday, rebounding a day after the S&P 500 suffered its worst slide since April 10, with the three major indexes closing higher for the week.

Technology stocks ranked among the day's biggest gainers. Google led the rally. Its stock jumped 4.2 percent to $605.11 a day after the No. 1 Internet search company reported second-quarter results that beat investors' expectations. Shares of Facebook Inc gained 3 percent to $68.42.

Market participants kept geopolitical news in focus. U.S. President Barack Obama demanded that Russia stop supporting separatists in eastern Ukraine a day after the downing of a Malaysian airline by a surface-to-air missile, which he said was fired from rebel territory. The incident raised the prospect of more U.S. sanctions on Moscow.

Investors also remained cautious after Israel warned on Friday that it could "significantly widen" a Gaza land offensive.   Continuación...