» 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 This material may not be published, broadcast, rewritten or redistributed.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 News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 98 440 10,282
MORTGAGES 129 503 12,017
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 1,028 21,997
BANKRUPTCIES 45 280 7,090
BUSINESS LICENSES 24 136 3,605
UTILITY CONNECTIONS 0 222 7,664
MARRIAGE LICENSES 28 117 2,580

Weekly Edition

Issues | About

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