Stocks Recover After 2-Day Plunge

NEW YORK (June 21, 2013)--The stock market closed out a wild week Friday with modest gains, as the Dow Jones industrial average rose 41 points, or 0.3 percent, to end at 14,799.

The Dow plunged 560 points Wednesday through Thursday after the Federal Reserve said it expected to end its bond-buying program by the middle of next year if the economy continues to improve.

The Standard & Poor's 500 index rose four points, or 0.3 percent, to close at 1,592 points.

Technology stocks fell after business software maker Oracle disappointed investors late Thursday with flat revenue.

The Nasdaq composite fell seven points, or 0.2 percent, to end at 3,357.

Slightly more stocks rose than fell on the New York Stock Exchange where volume was very heavy at 5.5 billion shares.


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