AP News

US stocks bounce back after steep 2-day slide


Better earnings reports from U.S. companies are sending stocks higher in midday trading.

The market is recovering from a two-day slump but is still on track for its worst week so far this year.

Hewlett-Packard drove the Dow Jones industrial average higher a day posting earnings that beat the forecasts of analysts and the company itself.

AIG helped boost the Standard & Poor's 500 index after its fourth-quarter operating results exceeded forecasts.

The Dow was up 64 points at 13,944 at noon Friday.

The Standard & Poor's 500 index rose six to 1,508. The Nasdaq composite index rose 14 to 3,145.

All three indexes remain down for the week. The S&P 500 is on track for its first weekly loss of the year.


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