Stocks took a pounding Friday until a final-hour rally reduced the damage. The Nasdaq lost 0.4% after being down 1% earlier, while the S&P 500 turned a 1.2% dent into a 0.6% ding. The IBD 50 fell 0.2%. Volume rose narrowly on both major exchanges. The day’s action constituted distribution and brought the count up to an uncomfortable level. Distribution involves a significant loss in rising volume in a major index.