Stock Market Today: Stocks Earn a Decent End to a Dreadful Week

Friday's mild up day had a "dead-cat bounce" feel to it, as lousy manufacturing data and continued recession fears didn't provide much reason to the rally.

generic image of a stock chart
(Image credit: Getty Images)

A Friday rally still left the major indexes significantly lower over the past five days of trading.

There wasn't much good news to which to credit Friday's move. U.S. industrial production improved less than expected in May, up 0.2% versus estimates for 0.4%; manufacturing actually declined by 0.1%. Wells Fargo economists Tim Quinlan and Shannon Seery defend the release as "actually a decent report," however, noting that an upward revision to April's number (+1.4% from +1.1%) puts May's level of output slightly above expectations.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for, and the Managing Editor for before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.