NEW YORK , Jan. 14 -- Stocks gained Friday, but the major indicators showed losses for the second straight week.
The Dow Jones industrial average rose 52.17, or 0.5 percent, to 10,558.00, making back nearly half the 111.95 it lost Thursday.
Broader stock indicators recorded moderate gains. The Standard & Poor's 500-stock index was up 7.07, or 0.6 percent, at 1184.52, and the Nasdaq composite index climbed 17.35, or 0.84 percent, to 2087.91.
While Intel and Apple Computer both issued stellar earnings reports, the lingering worries on Wall Street prevented the good news from moving most stocks.
For the week, the Dow fell 0.43 percent, the S&P 500 was down 0.14 percent, and the Nasdaq lost 0.03 percent.
Insurance broker Marsh & McLennan has offered to pay $600 million to settle New York Attorney General Eliot L. Spitzer's charges of bid rigging and price fixing, according to the Wall Street Journal. Spitzer is reportedly seeking $750 million and a public apology. Marsh & McLennan rose $1.14, to $31.51.
The Food and Drug Administration rejected a bid from Merck and Johnson & Johnson to allow their drug Mevacor to be sold without a prescription. Merck shares added 22 cents, to $30.87, while Johnson & Johnson gained 73 cents, to $62.70.
Sun Microsystems fell 36 cents, to $4.22, after the company reported a small profit but said revenue continued to fall compared with last year.
Other Indicators
• The New York Stock Exchange composite index rose 37.55, to 7066.22; the American Stock Exchange index fell 1.53, to 1399.07; and the Russell 2000 index of smaller-company stocks rose 7.35, to 617.48.
• Advancing issues outnumbered declining ones by 2 to 1 on the NYSE and the Nasdaq Stock Market. NYSE trading volume fell to 1.34 billion shares, from 1.51 billion on Thursday, and Nasdaq volume totaled 2.06 billion, down from 2.08 billion.
• The price of the Treasury's 10-year note fell $3.75 per $1,000 invested, and its yield rose to 4.21 percent, from 4.17 percent on Thursday.
• The dollar fell against the Japanese yen and rose against the euro. In late New York trading, a dollar bought 101.91 yen, down from 102.45 late Thursday, and a euro bought $1.3106, down from $1.3203.
• Light, sweet crude oil for February delivery settled at $48.38, up 34 cents, on the New York Mercantile Exchange.
• Gold for current delivery fell to $422.70 a troy ounce, from $424.50 on Thursday, on the New York Mercantile Exchange's Commodity Exchange.
