Wall St edges up as small-caps bounce back
Monday, 19 May 2014
NEW YORK, May 18 (Reuters): US stocks rose in late trading on last Friday as small-cap names bounced back after recent weakness and consumer discretionary shares advanced.
The Russell 2000 gained 0.4 per cent, rebounding after once again approaching correction territory, defined as a 10 per cent drop from a recent high, earlier in the session.
The S&P 500 climbed back above its 50-day moving average near 1,868, an area that has served as support.
The week has been marked by weakness in small caps, however, with the Dow and S&P 500 still on track for slight declines for the week.