Stocks climb a day after biggest drop in a year
NEW YORK (AP) — Stocks turned higher a day after posting their biggest drops in more than a year.
Trading has been volatile today, and there are still worries about how Europe is handling its debt crisis. Analysts said a bounce back after the slide Thursday wasn't surprising.
The Dow Jones industrial average rose about 115 points in midday trading after falling below 10,000 in morning trading.
The volatility comes after major indexes entered "correction" mode, having dropped more than 10 percent from their 2010 highs set last month.
Investors again looked to Europe for direction. The German parliament approved the country's share of a $1 trillion plan to help contain debt problems in the European Union
Major stock indexes in Europe were mixed but pulled well off their lows. Traders have been worried that stronger countries like Germany and France will be saddled with heavy debts to help weaker EU countries.