Stocks Stay Strong In Afternoon Trading, Alcoa, BofA Shine
What a difference a day makes: Although stocks have yet to regain all their lost ground after yesterday’s worst trading day of the year, equities were broadly higher this afternoon. The Dow Jones Industrial Average saw a triple-digit gain, rising 0.8%, while the S&P 500 moved up 0.9% and the Nasdaq rose 1%. Alcoa (AA) [...]

What a difference a day makes: Although stocks have yet to regain all their lost ground after yesterday’s worst trading day of the year, equities were broadly higher this afternoon.

The Dow Jones Industrial Average saw a triple-digit gain, rising 0.8%, while the S&P 500 moved up 0.9% and the Nasdaq rose 1%.

Alcoa (AA) was the best performer in the Dow, gaining 8% on its earnings report. Chevron (CVX) was trading up following its guidance, but was recently down 0.4%, the worst of the handful of Dow components in the red; still energy stocks were largely notching gains. Investors also shrugged off any broader implications of a negative warning from Nokia (NOK)–the stock was down 15% to a new 52-week low, but didn’t deter tech’s rally.

Financials also gained: Bank of America (BAC), the Dow’s biggest laggard yesterday, surged ahead 3.5% on an upgrade from Guggenheim Securities.

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