Markets End Second Straight Losing Week
Stock markets rebounded Friday as General Electric reported better-than-expected earnings, but profit warnings from other companies made for a largely subdued session. The major indicators recorded losses for the second straight week.</br></br>The Dow Jones industrial average gained 41.66, or 0.4 percent, to 10,213.22, after posting declines in four of the past five sessions.</br></br>The Nasdaq composite index added 11.01, or 0.6 percent, to 1946.33. The Standard & Poor's 500-stock index was up 3.70, or 0.3 percent, at 1112.81.</br></br>For the week, the Dow was down 0.7 percent, the S&P 500 lost 1.1 percent and the Nasdaq fell 3 percent.</br></br>Investors have become increasingly pessimistic as profit warnings pile up, notably from the tech sector. Most analysts remain upbeat, however, expecting earnings growth of 18 percent to 20 percent overall for the S&P 500.