Wall St closes higher as oil stabilizes
The S&P 500 lost 1.7 percent for the week, breaking a three-week streak of gains. However, Friday's bounce followed a late recovery Thursday that showed buyers were ready to support shares after a bout of selling.
Analysts have been calling for a correction in stocks following a six-month rally. Much weaker-than-average volume Friday cast doubt on the ability for stocks to move higher.
The Dow Jones industrial average was up 61.95 points, or 0.51 percent, to end unofficially at 12,130.45. The Standard & Poor's 500 Index was up 13.78 points, or 1.06 percent, to finish unofficially at 1,319.88. The Nasdaq Composite Index was up 43.15 points, or 1.58 percent, to close unofficially at 2,781.05.
(Reporting by Ryan Vlastelica; Editing by Jan Paschal)