Stocks close losing week with a day of gains

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    A late rally Friday is helping the stock market avoid its worst weekly losses in nearly a year.

    Concerns about Europe and weak U.S. factory output weighed on stocks on Friday. Those factors largely overshadowed a jump of nearly 13 percent for Internet-search giant Google after the company said its revenue hit an all-time high last quarter.

    The S&P 500 is closing with a gain of 7 points, or 0.6 percent, to 1,316. The Dow is up 43, or 0.3 percent, to 12,480. The Nasdaq is finishing up 27, or 1 percent, to 2,790. The S&P finished the week with a loss of 2.1 percent.

    Three stocks rose for every two that fell on the New York Stock Exchange. Volume was slightly higher than average at 4 billion shares.