Stocks Close Higher a Day After Big Dive

By: Associated Press
By: Associated Press

New York, NY (AP) - Stocks are closing with solid gains a day after their biggest dive this year. Reassuring economic reports and good news for energy producers drove the bounce.

The government said Wednesday that productivity grew more slowly late last year, a trend that could lead to more hiring. Payroll processor ADP's estimate of job growth in February outpaced expectations.

Oil refiners' stocks drove major indexes higher after news that refineries are operating at a faster clip than expected.

The Dow closed up 78 points at 12,837. The S&P 500 closed up nine at 1,352. The Nasdaq closed up 25 points at 2,935.

The Dow fell 203 points on Tuesday.

About seven stocks rose for every two that fell on the New York Stock Exchange. Volume was light at 3.44 billion shares.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Gerry Location: Tallahassee on Mar 9, 2012 at 03:00 PM
    As of 17:00 ET, Mar 9, the US borrows for 10 years at 2.03%. Total US national debt on 3/8/12 = $15.518 trillion. On 1/20/09 = $10.627 trillion. On 1/20/01 = $5.728 trillion. Increase in total national debt during Obama's administration = $4.891 trillion. During George W. Bush's administration = $4.899 trillion. Source for debt info = treasurydirect.gov.
  • by Gerry Location: Tallahassee on Mar 9, 2012 at 04:42 AM
    As of 17:00 ET, Mar 8, the US borrows for 10 years at 2.01%. Total US national debt on 3/7/12 = $15.498 trillion. On 1/20/09 = $10.627 trillion. On 1/20/01 = $5.728 trillion. Increase in total national debt during Obama's administration = $4.871 trillion. During George W. Bush's administration = $4.899 trillion. Source for debt info = treasurydirect.gov.
  • by Gerry Location: Tallahassee on Mar 7, 2012 at 09:27 PM
    As of 17:00 ET, Mar 7, the US borrows for 10 years at 1.98%. Total US national debt on 3/5/12 = $15.499 trillion. On 1/20/09 = $10.627 trillion. On 1/20/01 = $5.728 trillion. Increase in total national debt during Obama's administration = $4.872 trillion. During George W. Bush's administration = $4.899 trillion. Source for debt info = treasurydirect.gov.
    • reply
      by Gerry on Mar 8, 2012 at 03:52 AM in reply to Gerry
      I was correct the first time. The total US national debt on 3/6/12 = $15.499 trillion.
    • reply
      by Anonymous on Mar 8, 2012 at 08:36 AM in reply to Gerry
      So 4 years Obamma = 8 years of Bush? And Bush caught 9/11. Hmmm. Dubya looks better than I thought (although Jeb is the only Bush that did a good job, in my opinion).
      • reply
        by Gerry on Mar 9, 2012 at 04:39 AM in reply to
        Bush and Obama did not start from the same place. Obama took office during a recession. The last year before Bush took office, the US accumulated $22 BILLION of total debt. The last year before Obama took office, the US accumulated $1.438 TRILLION of total debt. The unemployment rate in Jan of 2001 was 4.2%. The unemployment rate in Jan of 2009 was 7.6%. Etc.
        • reply
          by Anonymous on Mar 9, 2012 at 07:08 PM in reply to Gerry
          so deficit spending doesn't correct a recession...thank you again genius for being wrong
        • reply
          by Gerry on Mar 9, 2012 at 09:27 PM in reply to Gerry
          Thank you for your anonymous and unaccountable statement. I don't know what you're talking about and doubt you do, either. The recession ended in 2009. You probably don't know how recessions are defined.
  • by Gerry Location: Tallahassee on Mar 7, 2012 at 06:48 PM
    This is neat. The article was posted at 4:52 PM and no comments have been posted as of 9:47 PM.
    • reply
      by Gerry on Mar 8, 2012 at 05:59 AM in reply to Gerry
      Wrong again Genius.....going to drink my bottle and watch sesame street where I can find intelligence
  • by Gerry on Mar 7, 2012 at 03:15 PM
    I'm all for big government spending. Bush was the greatest and Obama is a wannabe.
    • reply
      by Gerry on Mar 8, 2012 at 05:52 AM in reply to Gerry
      This was written by Fake Gerry, the cyberstalker.
  • by Gerry Location: Tallahassee on Mar 7, 2012 at 02:20 PM
    As of 17:00 ET, Mar 7, the US borrows for 10 years at 1.98%. Total US national debt on 3/6/12 = $15.499 trillion. On 1/20/09 = $10.627 trillion. On 1/20/01 = $5.728 trillion. Increase in total national debt during Obama's administration = $4.872 trillion. During George W. Bush's administration = $4.899 trillion. Source for debt info = treasurydirect.gov.
    • reply
      by Anonymous on Mar 8, 2012 at 05:25 AM in reply to Gerry
      so Bush did better?
WCTV 1801 Halstead Blvd. Tallahassee, FL 32309
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 141809383 - wctv.tv/a?a=141809383
Gray Television, Inc.