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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.