Stocks recover from an early swoon, end little changed; S&P has first weekly loss this month

7/26/2013
ASSOCIATED PRESS
Wall-Street-Premarket-128

In this Friday, June 28, 2013, photo, Trader Timothy Nick, right, works on the floor of the New York Stock Exchange. Asian stock markets floundered Friday July 26, 2013 as China pressed ahead with industrial restructuring that is partly to blame for slowing growth in the world's No. 2 economy. (AP Photo/Richard Drew)

ASSOCIATED PRESS

NEW YORK — The stock market recovered from an early swoon and ended the day pretty much where it started.

The Standard & Poor’s 500 index edged up a point, or 0.08 percent, to 1,691 today. The index had its first weekly loss in a month.

The Dow Jones industrial average came back from a 150-point loss and ended up three points, just 0.02 percent, at 15,558.

The Nasdaq composite rose eight points, 0.2 percent, to 3,613.

Expedia plunged 27 percent to $47.20 after the online travel agency reported that its profit fell by a third as costs increased.

Starbucks rose 8 percent to $73.36 after beating Wall Street’s profit estimates.

More stocks fell than rose on the New York Stock Exchange. Volume was very light at 2.7 billion shares.