Updated from 4:10 p.m. ESTStocks in the U.S. powered higher Monday as traders shook off worries about a worldwide economic slowdown, mixed earnings news and dour housing data. After falling as many as 92 points, the Dow Jones Industrial Average reversed ground and closed ahead by 176.72 points, or 1.45%, to 12,383.89. The S&P 500 added 23.36 points, or 1.76%, to 1353.97, and the Nasdaq Composite was up 23.71 points, or 1.02%, at 2349.91. Volume and breadth were strong to start the week. About 3.55 billion shares changed hands on the New York Stock Exchange, with advancers topping decliners by a 3-to-1 margin. Volume on the Nasdaq reached 1.94 billion shares as winners outpaced losers 5 to 3.
The Real Story Wrap, January 28