Economics
Selloffs Interrupted as U.S. Stocks, Dollar Rebound; Oil Drops
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U.S. stocks pared a weekly drop, as Gilead Sciences Inc. led a rebound from a selloff in biotechnology shares. The euro weakened from a two-month high versus the dollar, while Treasuries tumbled to the worst week since March.
The Standard & Poor’s 500 Index advanced 1 percent at 4 p.m., erasing Thursday’s selloff and paring its loss for the week to 0.5 percent. Expedia Inc. surged 7.6 percent as technology shares reversed losses from the prior day. The euro slipped 0.1 percent to $1.121, halting its longest rally since