» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 127 | NO. 72 | Thursday, April 12, 2012

Stocks Make U-Turn, Rise After Big Decline

CHRISTINA REXRODE | AP Business Writer

Print | Front Page | Email this story | Comments ()

NEW YORK (AP) — Stocks are ending the day higher, a turnaround from big losses the day before.

The Dow Jones industrial average climbed nearly 90 points to 12,805, erasing more than 40 percent of the previous day's plunge of 214 points.

The Standard & Poor's 500 is up 10 points to 1,369. The Nasdaq composite index is up 25 points to 3,016.

Investors were relieved that borrowing costs for Spain fell, a sign of confidence in that country's financial health. A surprisingly strong earnings report from aluminum producer Alcoa also pushed the market upward.

The number of advancing stocks versus declining ones was roughly four to one on the New York Stock Exchange. Volume was average at 3.7 billion shares.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 81 217 5,290
MORTGAGES 94 276 6,985
FORECLOSURE NOTICES 0 50 1,606
BUILDING PERMITS 384 712 12,691
BANKRUPTCIES 66 241 5,541
BUSINESS LICENSES 27 85 2,146
UTILITY CONNECTIONS 52 234 7,292
MARRIAGE LICENSES 10 53 1,511

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.