Wall Street bounces back, still off for the week

17/10/2014 - 21:14

NEW YORK (Reuters) - U.S. stocks climbed more than 1 percent on Friday, with the S&P 500 posting its biggest gain in over a week as earnings offset concerns about the impact of weak global demand on corporate America.

The Dow Jones industrial average rose 263.1 points, or 1.63 percent, to 16,380.34, the S&P 500 gained 23.98 points, or 1.29 percent, to 1,886.74 and the Nasdaq Composite added 41.05 points, or 0.97 percent, to 4,258.44.

For the week, the Dow and S&P 500 fell 1 percent each while the Nasdaq lost 0.4 percent. The four consecutive weeks of losses on the S&P 500 marked the longest such streak since August 2011.

(Reporting by Rodrigo Campos; Editing by Nick Zieminski)