US STOCKS-Wall Street ends higher but indexes mark worst week since March selloff

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* Adobe rises after profit beat
* Indexes: Dow up 1.9%, S&P 500 up 1.3%, Nasdaq up 1%

(Updates close with details)
By Caroline Valetkevitch
June 12 (Reuters) - U.S. stocks ended higher on Friday as
bargain hunters stepped back into the market following sharp
losses a day earlier, but all three major indexes suffered their
biggest weekly percentage declines since March.
The day's trading was marked by wild swings, with the S&P
500 up about 3% at its high of the session and down about 0.6%
at the low.
The Federal Reserve's indication earlier this week of a long
road to recovery and rising COVID-19 cases in the United States
had cast a pall over investor optimism about a swift economic
rebound, and the S&P 500 dropped about 6% on Thursday.
"You've gotten a pretty sizeable dip, and there's probably
some fear of missing out, some trying to (take) some value while
it's there," said Rob Haworth, senior investment strategist at
U.S. Bank Wealth Management in Seattle.
The S&P 500 .SPX closed well above its 200-day moving
average, a closely watched technical level, after moving above
and below the level during the session.
The financial .SPSY and technology .SPLRCT sectors gave
the biggest boosts to the S&P 500.
The Dow Jones Industrial Average .DJI rose 477.37 points,
or 1.9%, to 25,605.54, the S&P 500 .SPX gained 39.21 points,
or 1.31%, to 3,041.31 and the Nasdaq Composite .IXIC added
96.08 points, or 1.01%, to 9,588.81.
For the week, the Dow ended down 5.6%, the S&P 500 fell 4.8%
and the Nasdaq shed 2.3%, the biggest weekly percentage declines
for the indexes since the week ended March 20.
The Cboe Volatility index .VIX ended down on the day but
registered its biggest weekly gain since the week ended March
13.
Earlier this week, the Nasdaq confirmed it had been in a
bull market since March 23 and the S&P 500 briefly turned
positive on the year.
On Friday, Photoshop maker Adobe Inc ADBE.O rose 4.9%
after posting a better-than-expected quarterly profit, driven by
strong demand for its cloud software.
Yoga apparel maker Lululemon Athletica Inc LULU.O fell
3.8% after posting lower-than-expected quarterly results
following coronavirus-induced store closures. Advancing issues outnumbered declining ones on the NYSE by a
3.14-to-1 ratio; on Nasdaq, a 2.98-to-1 ratio favored advancers.
The S&P 500 posted one new 52-week high and no new lows; the
Nasdaq Composite recorded 23 new highs and seven new lows.
Volume on U.S. exchanges was 13.08 billion shares, compared
to the 12.90 billion average for the full session over the last
20 trading days.