BUSINESS

Stocks recover from an early swoon, end little changed; S&P has first weekly loss this month

07/26/2013 04:14 EDT | Updated 09/25/2013 05:12 EDT
NEW YORK, N.Y. - The stock market recovered from an early swoon and is ending the day pretty much where it started.

The Standard & Poor's 500 index edged up a point, or 0.08 per cent, to 1,691 Friday. The index had its first weekly loss in a month.

The Dow Jones industrial average came back from a 150-point loss and ended up three points, just 0.02 per cent, at 15,558.

The Nasdaq composite rose eight points, 0.2 per cent, to 3,613.

Expedia plunged 27 per cent to $47.20 after the online travel agency reported that its profit fell by a third as costs increased.

Starbucks rose 8 per cent to $73.36 after beating Wall Street's profit estimates.

More stocks fell than rose on the New York Stock Exchange. Volume was very light at 2.7 billion shares.