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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A correction takes place to determine which investments are the tennis balls and which are the eggs. You want to own the things that bounce, as in tennis balls, and not in eggs.