Markets Take U-Turn

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A late-day rally gave stocks a moderate advance Tuesday as a second day of sharply lower oil prices calmed investors uncertain about the direction of interest rates.


The Dow climbed 51.87, or 0.48 percent, to 10,799.23, after sinking as much as 63 points earlier. Broader stock indicators also recouped early declines. The Standard & Poor’s 500 index gained 2.37, or 0.19 percent, to 1,236.86, and the Nasdaq composite index rose 5.50, or 0.27 percent, to 2,043.22.






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Molina Healthcare Inc. plunged 13.7 percent to $31.75. along with several other managed care companies whose stocks took a dive when Centene Corp. lowered its full year guidance due to rising medical costs. Emak Worldwide Inc. dropped 7.5 percent to $4,82. Chad Therapeutics Inc. fell 6.7 percent to $2.52. Enoca Systems Inc. fell 6.4 percent to $3.51.


Hi-Shear Technology Corp. closed up 5.8 percent to $14.65. Crown Media Holdings Inc. rose 5 percent to $4.36. Electro Rent Corp. gained 4 percent to $15.53. Gemstar-TV Guide International Inc. added 3.8 percent to $3.02. Salem Communications Corp. rose 3.7 percent to $11.75. PS Business Parks Inc. added 3.6 percen to $61.71.

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