Stocks Bounced Back, Microsoft, Google Lift Techs

U. S. stocks rose on Friday as earnings from Microsoft, Google and other companies boosted technology shares.  The Dow Jones Industrial Average rose 10.37 points, or 0.07%, to 14,547.51, down 2.1% from last Friday’s  close. The S&P 500 index added 13.64 points, or 0.88%, to 1,555.25, leaving it with a 2.1% weekly decline.  The Nasdaq Composite advanced 39.70 points, or 1.25%, to 3,206.06, off 2.7% for the week.

U.S. regulators on Friday approved a revamped battery system for Boeing Co’s 787 Dreamliner, a crucial step  in returning the high-tech jet to service after it was grounded in January because the plane’s lithium-ion  batteries overheated.

BP (BP.L) is reviewing its biggest new oil project in the Gulf of Mexico, due to rising development costs  across the industry, and could delay the $10 billion scheme.

Gold futures ended higher for a second straight session Friday. Gold for June delivery  rose
$3.10, or 0.2%, to settle at $1,395.60 an ounce on the Comex division of the New York Mercantile Exchange.

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