Updated from 4:05 p.m. EDT
Stocks clawed back from an early tumble Friday and closed to the upside as traders managed to look past trouble for an overseas mortgage lender and a mixed bag of economic data.
After dropping 100 points just after the open, the Dow Jones Industrial Average fought its way higher and finished ahead by 17.64 points, or 0.13%, at 13,442.52. The S&P 500 tacked on 0.30 point, or 0.02%, at 1484.25, and the Nasdaq Composite rose 1.12 points, or 0.04%, to 2602.18.
The initial weakness came after U.K. lender Northern Rock sought emergency funding from the Bank of England. The company also warned that 2007 earnings will come in below current estimates and that profits in 2008 will be hit. Shares of Northern Rock slid more than 20% in European trading. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
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