US STOCKS-Wall Street surges at end of awful January
* Fourth-quarter U.S. GDP growth data misses estimate
* Microsoft jumps after strong results, boosts S&P, Nasdaq
* Xerox up after deal with Icahn to split company in two
* Indexes end up: Dow 2.47 pct, S&P 2.48 pct, Nasdaq 2.38 pct (Updates to close)
By Noel Randewich
Jan 29 (Reuters) - Wall Street surged over 2 percent on Friday after the Bank of Japan unexpectedly cut interest rates and Microsoft led a major rally in technology shares, repairing some of the damage to the S&P 500's worst January since 2009.
Slammed by collapsing oil prices that have fed doubts about the health of the global economy, stocks have had a volatile start to the year. At one point last week, the S&P's loss for 2016 reached 11 percent before recovering to end the month down 5 percent.
The index rose 2.48 percent on Friday, its strongest day since September.
"Sentiment certainly had swung to a wildly negative scenario. In the short term, I'm not sure the sentiment backdrop we've seen was warranted," said Michael Church, president of Addison Capital Management in Philadelphia. Continuación...