U.S. stocks end bumpy week up sharply; oil prices drop 3 percent

U.S. stocks end bumpy week up sharply; oil prices drop 3 percent
A day after dropping more than 1,000 points, the Dow rebounded Friday morning along with other indexes. Analysts cited concerns about inflation and ballooning government debt for the earlier drops.

The Dow Jones industrial average was up about 130 points, or 0.5 percent, the S&P 500 was up 21 points, or 0.8 percent, and the Nasdaq index gained 62 points, or 0.9 percent.

With Thursday’s 4 percent drop, the U.S. stock market had officially entered a correction, when major indexes are down at least 10 percent from their recent peaks

A day after dropping more than 1,000 points, the Dow rebounded Friday morning along with other indexes. Analysts cited concerns about inflation and ballooning government debt for the earlier drops.

U.S. stocks end bumpy week up sharply; oil prices drop 3 percent