Business

Stocks rebound to post gain for the week

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Markets rebounded from a deep slump earlier in the week to put together their first positive five-day stretch in three weeks. Expedia led the gains in the S&P 500 after reporting that profit and revenue jumped. A jobs report showed US employers added 113,000 jobs in January, while the jobless rate dipped to 6.6 percent. Some market watchers pointed to the rebound as a sign that stocks have become more stable, but others saw the potential for more turbulence. Looking ahead, markets will be watching how Washington grapples with another debt ceiling deadline, and how quickly the Fed reduces its monthly bond purchases.

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