NEW YORK — Good economic and corporate news helped the stock market stage a rebound at the end of a turbulent week of trading. Nike jumped after turning in higher profits, leading the Dow Jones industrial average higher.

The Standard & Poor’s 500 index, the benchmark for most mutual funds, still lost 1.4 percent for the week. The biggest drop came Thursday, the worst day for the stock market since July 31.

A steep drop one day is often followed by gains the next as investors hunt for beaten-down stocks.

“After yesterday, it’s only normal to get a little bit back because people tend to buy on the dips,” said Jason Pride, director of investment strategy at Glenmede Trust.

The Dow surged 167.35 points, or 1 percent, to close at 17,113.15 on Friday. The S&P 500 index rose 16.86 points, or 0.9 percent, to 1,982.85 and the Nasdaq composite climbed 45.45 points, or 1 percent, to 4,512.19.

Nike jumped 12 percent after reporting that solid sales and lower taxes helped drive its quarterly profit up 23 percent. Both its earnings and revenue beat Wall Street’s estimates.

Nike’s stock gained $9.75 to $89.50, the largest gain among the 30 big companies in the Dow.

It was a roller coaster of a week, with the Dow swinging more than 100 points on all five days. The turbulence broke a long period of calm and light trading.