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VOL. 127 | NO. 72 | Thursday, April 12, 2012

Stocks Make U-Turn, Rise After Big Decline

CHRISTINA REXRODE | AP Business Writer

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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 This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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