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The Boston Globe

Business

Snapshot

Dow posts worst week in a month

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Strong earnings boosted stocks on Friday. Investors also saw a chance to add to their holdings ­after declines earlier in the week. Despite Friday’s gains, the S&P 500 was down for the week. The index was weighed down by another debt crisis in Europe and disappointing corporate news. The Dow had its worst week in more than a month. The markets got hit on several fronts. The island nation of Cyprus, a banking ­haven, struggled to devise a plan to avoid financial collapse. Oracle reported weak sales. FedEx posted a drop in quarterly profit and cut its annual forecast. As a result, the S&P 500 logged its second weekly drop of the year.

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