Stocks rebound but still close out worst week since winter
By STAN CHOE
AP Business Writer
Stocks rebounded on Wall Street Friday but still ended with their worst weekly decline since February. The S&P 500 added 1.1%, led by companies that would benefit the most from a healthier economy. Airlines, hotels and companies hurt by restrictions on travel and other activities had some of the biggest gains. Merck leaped 8.4% after saying its experimental pill to treat COVID-19 cut hospitalizations and deaths by half. The yield on the 10-year Treasury fell back to 1.46% from 1.52% late Thursday. It was trading at 1.32% a bit over a week ago. Oil prices rose again.