Summary Box: Stocks close higher after big swings

AP News
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Posted: Aug 22, 2011 5:14 PM
Summary Box: Stocks close higher after big swings

DOW SWINGS: Another day of wild swings in the stock market ended with modest gains for the Dow Jones industrial average. After soaring 200 points in the morning, the Dow closed the day with a 37-point gain.

BANKS SINK: Bank stocks took another fall. Bank of America lost 7.9 percent. Wells Fargo analysts cut their price target on the stock, citing fears that the U.S. could slip into a recession.

HP BOUNCES: Hewlett-Packard Co. rose 3.6 percent to lead the Dow higher. H-P plunged 20 percent on Friday as investors reacted to the company's plans to change its business model.