NEW YORK (AP) — Financial companies have led stocks higher on the one-year anniversary of the market's hitting a 12-year low.
The gain in bank stocks Tuesday has come as traders reacted to rumors that the government might prohibit the trades known as short sales in the stocks of companies it owns. Such a move would be aimed at preventing sharp drops in stocks including Citigroup Inc. and American International Group Inc.
The Dow is up 11 to close at 10,564. It's up 61.4 percent in the past year.
The Standard & Poor's 500 index is up 1 at 1,140. The Nasdaq composite is up 8 at 2,340.
Three stocks rose for every two that fell on the New York Stock Exchange. Trading volume came to 1.1 billion shares compared with 906.6 million Monday.
