Market recap: Stocks overcame early weakness and burst higher near the close, led by gains in...

|By:, SA News Editor
Market recap: Stocks overcame early weakness and burst higher near the close, led by gains in basic materials and a midday turnaround by Goldman Sachs (GS +2.3%). Shares of homebuilders rose despite another report showing weak housing activity, but a rise in permits offered hope for better days ahead. Advancers beat decliners on the NYSE by more than two to one.