U.S. Stocks Show Yet Another Turnaround After Seeing Early Weakness

(RTTNews) - Extending the extreme volatility seen throughout the week, stocks have shown another significant turnaround during trading on Friday. After moving to the downside early in the session, the major averages have bounced well off their lows and into positive territory.

The major averages have pulled back off their best levels in recent trading but currently remain positive. The Dow is up 106.58 points or 0.3 percent at 34,267.36, the Nasdaq is up 218.68 points or 1.6 percent at 13,571.46 and the S&P 500 is up 42.14 points or 1 percent at 4,368.65.

The turnaround on Wall Street reflects an extension of the rollercoaster ride the markets have been on this week, with the major averages showing wild swings back and forth even within a single day.

Tech giant Apple (AAPL) has helped to lead the way back to the upside, spiking by 5.7 percent after reporting better than expected quarterly results.

Credit card giant Visa (V) has also moved sharply higher after reporting fiscal first quarter results that exceeded analyst estimates on the top and bottom lines.
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