US STOCKS-Wall Street rises after biggest pullback since March

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* Adobe rises after profit beat
* Lululemon slips after revenue misses estimates
* Indexes up: Dow 0.76%, S&P 0.52%, Nasdaq 0.35%

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By Medha Singh and Devik Jain
June 12 (Reuters) - Wall Street's main indexes rose on
Friday, after a steep decline in the previous session, but were
still on track for their worst week in nearly three months on
fears of a rise in new coronavirus infections and economic
worries.
The indexes, however, were well off their session highs and
the CBOE volatility index .VIX turned positive to hit its
highest level since April 22.
The S&P 500 .SPX rose as much as about 3% earlier in the
session.
On Thursday, the tech-heavy Nasdaq .IXIC ended about 5%
below its record closing high and the S&P 500 .SPX tumbled
nearly 6% in their worst day since mid-March, as the Federal
Reserve's indication to a long road to recovery and rising
COVID-19 cases in the United States cast a pall over investor
bets on a swift economic rebound.
The S&P 500 is now about 10.8% from its record high after
being within 5% from that level earlier this week.
"Perhaps the markets have overestimated their fears about
the reignition in number of cases," said Todd Jablonski, chief
investment officer at Principal Global Asset Allocation in
Seattle.
"In the short term you could see some investors,
particularly retail investors who have been moving into the
equity space pretty aggressively over the last couple of weeks,
take some profit."
All the major S&P sectors rose with technology .SPLRCT and
financials .SPSY providing the biggest boost to the benchmark
index.
Boeing Co BA.N jumped 5.2%, as it looked to end the week
8% lower. United Airlines Holdings Inc UAL.O , American
Airlines Group Inc AAL.O , Norwegian Cruise Line Holdings Ltd
NCLH.N jumped between 11% and 12.5%, leading gains on the S&P
500 following sharp declines in the previous session.
At 11:32 a.m. ET, the Dow Jones Industrial Average .DJI
was up 190.90 points, or 0.76%, at 25,319.07, the S&P 500 .SPX
was up 15.50 points, or 0.52%, at 3,017.60. The Nasdaq Composite
.IXIC was up 33.59 points, or 0.35%, at 9,526.32.
Photoshop maker Adobe Inc ADBE.O rose 3.1% 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
5.2% after posting lower-than-expected quarterly results
following coronavirus-induced store closures. Advancing issues outnumbered decliners for a 3.01-to-1 ratio
on the NYSE and a 2.21-to-1 ratio on the Nasdaq.
The S&P index recorded one new 52-week high and no new low,
while the Nasdaq recorded 15 new highs and four new lows.