Pandora Media Inc., TripAdvisor Inc. and Netflix Inc. increased more than 4 percent to lead gains in Internet stocks.
The S&P 500 gained 0.4 percent to 1,885.07 at 4 p.m. in New York, following the first back-to-back weekly losses since January. The Russell 2000 Index added 1 percent. Trading in S&P 500 companies was 17 percent below the 30-day average for this time of day.
The S&P 500 retreated less than 0.1 percent last week amid reports that showed consumer confidence fell in May from a nine-month high, while industrial production unexpectedly declined last month. The benchmark index reached an all-time high of 1,897.45 on May 13 before a selloff in small-cap stocks spread to the broader market.
Source : Bloomberg