(AP) - Wall Street weathered some disheartening news today to give stocks a solid advance following yesterday's drubbing.
The Dow Jones industrial average finished with a gain of more than 146 points at 12,735. Advancing issues on the New York Stock Exchange led losers 19-to-13 on volume of about 5 billion shares. The Nasdaq composite index was up 34 points at the 2,474 level, with roughly 2.7 billion shares traded. And the S&P 500 added 19 points, closing at 1,409.
It was a volatile day for the stock market, with the major indexes all over the place. At one point, the Dow was down more than 100 points.
However, the buyers prevailed despite the forecast for a recession by Goldman Sachs and word from Countrywide Financial that loans delinquent 30 days or more rose to 7.2 percent in December. Bankruptcy rumors involving the nation's largest mortgage lender -- even though they were denied -- help pull the Dow down more than 200 points yesterday.
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