Business
Wall Street rallies, S&P; and Dow up for week
NEW YORK - Stocks surged on Friday, lifted by economic figures that eased concerns about growth in China and earnings at JPMorgan that eased fears about the impact of failed trades that cost the bank billions. | Video
Recent Business News
SEC staff pans direct adoption of global accounting
NEW YORK - A full-scale adoption of international accounting standards by the United States has little support and few investors or companies are prepared for it, the U.S. Securities and Exchange Commission said on Friday.
Barclays flagged Libor problems to Fed in 2007
LONDON/NEW YORK - Barclays alerted U.S. regulators as far back as 2007 to concerns that banks were rigging benchmark interest rates, according to documents released on Friday, but policymakers on both sides of the Atlantic did not appear to take decisive action, underscoring the chaos of the financial crisis. | Video
Martha Stewart, J.C. Penney deal hits legal setback
NEW YORK - A state judge on Friday temporarily blocked plans by Martha Stewart Living Omnimedia to sell certain branded products at J.C. Penney stores.
With ego too big to fail, Iowa broker admits 20-year fraud
CEDAR RAPIDS, Iowa/CHICAGO - Russell Wasendorf Sr, arrested on Friday, confessed to a 20-year fraud at his now-bankrupt Iowa brokerage, saying business troubles and his "big" ego left him no choice: "So I cheated."
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 12,777.09 |  +203.82 |
+1.62% |
| S&P; 500 | 1,356.78 | +22.02 |
+1.65% |
| NASDAQ | 2,908.47 | +42.28 |
+1.48% |
| TR US Index | 122.73 | +1.96 |
+1.62% |
-18.85Sector Summary
| Energy | +1.66% |
| Basic Materials | +1.94% |
| Industrials | +1.48% |
| Cyclical Goods & Services | +1.37% |
| Non-Cyclical Goods & Services | +1.09% |
| Financials | +1.75% |
| Healthcare | +1.12% |
| Technology | +1.39% |
| Telecoms | +1.67% |
| Utilities | +0.99% |
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