U.S. stocks on Friday opened higher, as investors attempted to shrug off worries about the financial health of Deutsche Bank AG
that helped sink U.S. equities a day earlier and unsettled overseas markets. A rebound in oil prices also helped push equities higher. On the U.S. economic front, consumer spending was barely changed in August, while inflation inched up, but remained below the 2% target set by the Federal Reserve. The S&P 500
gained 12 points, or 0.6%, to 2,163. The Dow Jones Industrial Average
rose 125 points, or 0.7%, to 18,268. And the Nasdaq Composite
added 23 points, or 0.4%, to 5,292.
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More money has been lost trying to anticipate and protect from corrections than actually in them.