Markets Right Now: Stocks swing back to gains, Dow up 330

FILE - In this Nov. 13, 2015, file photo, the American flag flies above the Wall Street entrance to the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Feb. 9, 2018. (AP Photo/Richard Drew, File)
Trader Gordon Charlop works on the floor of the New York Stock Exchange, Friday, Feb. 9, 2018. U.S. stocks wavered between small gains and losses in morning trading Friday, giving up some of a big jump that came right after the opening bell. The strong open came a day after the market entered a "correction" for the first time in two years. (AP Photo/Richard Drew)

NEW YORK — The latest on developments in financial markets (all times local):

4:05 p.m.

Stocks staged a late rally Friday, ending a wild week marked by dramatic point swings on a positive note.

The Dow Jones industrial average gained 330 points, or 1.4 percent, to 24,190. Earlier in the day it had dropped by 500. The S&P 500 gained 38 points.

Still, both the Dow and S&P 500 lost more than 5 percent for the week. Both indexes had their worst week since January 2016. The Dow recorded 1,000-point drops on Monday and Thursday.

The Standard & Poor's 500 index rose 1.5 percent, to close at 2,619. The Nasdaq rose 97 points, or 1.4 percent, to 6,874.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.85 percent.

___

11:45 a.m.

Stocks struggled to stabilize in unsteady trading on Wall Street as an early gain quickly evaporated.

The up-and-down trading Friday came a day after the market entered its first correction in two years. That means a drop of 10 percent from a recent peak.

Major U.S. indexes set their latest record highs just two weeks ago.

The Dow Jones industrial average fell 50 points, or 0.2 percent, to 24,122. It was up as much as 349 in early trading. The Dow has had two 1,000-point drops this week.

The Standard & Poor's 500 index slipped 1 point, or 0.1 percent, to 2,579. The Nasdaq was down 10 points, or 0.2 percent, to 6,765.

Bond prices didn't move much. The yield on the 10-year Treasury note was unchanged at 2.83 percent.

___

9:35 a.m.

Stocks are opening higher on Wall Street as the stock market recovers some of the massive losses it has suffered over the past week.

The Dow Jones industrial average is up more than 300 points in early trading Friday, a day after it suffered its second 1,000-point drop in a week.

Some of the market's biggest winners over the past year were leading the market higher. Amazon rose 2.2 percent.

The Dow was up 264 points, or 1.1 percent, at 24,122. It was up as much as 349 shortly after the opening bell.

The Standard & Poor's 500 index rose 24 points, or 0.9 percent, to 2,604. The Nasdaq rose 69 points, or 1 percent, to 6,847.

The yield on the 10-year Treasury note rose to 2.86 percent.

Must Read

The Latest: Kuwait's emir quickly ends troubled...

Dec 5, 2017

Kuwait's emir has quickly ended a troubled summit of the Gulf Cooperation Council amid the ongoing...

Kuwait expels Philippines ambassador amid maid...

Apr 25, 2018

Kuwait expels Philippines ambassador, recalls own envoy amid dispute over housemaid abuse

Kuwait ready to cooperate with Philippines after...

Apr 30, 2018

Kuwait says it stands ready to cooperate with the Philippines to address labor issues facing...

Malian extremist pleads guilty to Timbuktu rampage

Aug 22, 2016

An Islamic extremist has pleaded guilty to destroying historic mausoleums in the Malian desert city...

Turkey dispute timing may benefit Dutch premier...

Mar 12, 2017

Just days away from national elections at which he is seeking a third term in office, Dutch Prime...