Stocks gain ground - WKOW 27: Madison, WI Breaking News, Weather and Sports

Stocks gain ground

NEW YORK (AP) -- After another wild ride for stocks, the market closed solidly higher today.

  The bounce came after yesterday's sharp decline.

  The Dow gained 401 points to 8,979, based on preliminary data.

  The S&P 500 rose more than 38 points to 946.

  And the Nasdaq composite added 89 points to 1717.

  Advancing issues topped decliners by an 11 to 5 margin.

  Volume on the NYSE came to 7.7 billion shares. Nasdaq volume was 3.3 billion shares.

  The price of oil continues to drop.

  Light, sweet crude for November delivery dropped $4.69, or 6.2 percent, to settle at $69.85.

Powered by Frankly