Stocks rebound but still close out worst week since winter

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(AP) – Stocks rebounded on Wall Street Friday but still ended with their worst weekly decline since February.

The S&P 500 added 1.1%, led by companies that would benefit the most from a healthier economy. Airlines, hotels and companies hurt by restrictions on travel and other activities had some of the biggest gains.

Merck leaped 8.4% after saying its experimental pill to treat COVID-19 cut hospitalizations and deaths by half.

The yield on the 10-year Treasury fell back to 1.46% from 1.52% late Thursday. It was trading at 1.32% a bit over a week ago. Oil prices rose again.

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