Gaining Ground

After two weeks of losses, stocks rebounded thanks to reports that both income and spending improved in April, while inflationary fears remained at bay. The Dow closed the week up 1.7 percent at 11,278.53, a gain of 185.63 points. The Nasdaq also increased, gaining 32.22 points to close at 2,210.37, up 1.5 percent. Most ad stocks also fared well, with Omnicom gaining nearly 3 percent to close at 94.02. WPP Group closed at 62.41, up 2.6 percent. And Publicis Groupe gained just over 3 percent to close at 40. Interpublic, however, dropped 0.5 percent, finishing at 9.35.