honoluluadvertiser.com

Sponsored by:

Comment, blog & share photos

Log in | Become a member
The Honolulu Advertiser
Posted on: Tuesday, April 20, 2010

Stocks rise as Goldman Sachs fears ease


Associated Press

NEW YORK — Investors snapped up financial stocks yesterday after concerns eased about the government's case against Goldman Sachs. The Dow Jones industrial average ended with a gain of 73 points after sliding for much of the day. The advance followed a drop of 126 points Friday after the Securities and Exchange Commission filed civil fraud charges against Goldman Sachs related to mortgage investments.

Analysts said reports that the SEC voted 3-2 along party lines to press its case against Goldman Sachs eased some of investors' worries. Investors seemed placated by the fact the vote wasn't unanimous. A rebound in Goldman shares helped lift financial shares.