Stocks Close Up After 2-Day Plunge

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NATIONAL

Wall Street stabilized at the end of a difficult week Friday, closing moderately higher as investors shook off some of their stress about interest rates. The major indexes each lost about 2 percent this week.


According to preliminary calculations, the Dow rose 15.77, or 0.14 percent, to 11,144.06, after gaining as much as 52 points earlier. The Dow declined 514 points, or 4.4 percent, in the previous six trading days. The Standard & Poor’s 500 index gained 5.22, or 0.41 percent, to 1,267.03, and the Nasdaq composite index swelled 13.56, or 0.62 percent, to 2,193.88.






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LOCAL


Reinhold Industries Inc. rose 9 percent to $13.32. Aspyra Inc. gained 7 percent to $2.30. Chad Therapeutics Inc. was up 6 percent to $2.70. Tetra Tech Inc., which was raised to “overweight” from “equalweight” at First Analysis Corp., rose 4 percent to $18.31. Walt Disney Co., which was rated the favorite entertainment stock of Goldman Sachs analysts Anthone Noto, gained 2 percent to $30.15.


Electronic Clearing House Inc. dropped 19.6 percent to $15.06. Arrowhead Research Corp. fell 7.7 percent to $5.63. Artistdirect Inc. lost 5.5. percent to $3.40. Santa Fe Financial Corp. was down 5.4 percent to $17.51. Homestore Inc. fell 4 percent to $5.75.

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