The Week on Wall Street
"A day like today was inevitable," said Michael Cuggino, president of Permanent Portfolio Funds. "I would caution investors not to get overly concerned based on today's (economic) statistics."
Stocks bounced back on Friday as financial stocks such as Goldman Sachs were strong after new economic data showed a benign inflation outlook. Exxon Mobil jumped 2% as a rally continued in energy stocks, Friday's top-performing sector.