Stocks at Highs, Dow Jumps 200; Vix Slumps Published: Friday, 13 Jul 2012 | 3:14 PM ET
Stocks added to sharp gains in the final hour of trading Friday, with the Dow and S&P 500 on track to snapping their six-day losing streak, buoyed by JPMorgan's earnings and China's GDP data.
And with the day's rally, the Dow and S&P are also on pace to finishing higher for the week. The Nasdaq is still down almost 1 percent for the week.
“We’ve been vastly oversold,” said Art Cashin, director of floor operations at UBS Financial Services. “We see that this bounce could take us into the beginning of next week…but between now and Labor Day, things could get very volatile.
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