Stocks have late-day turnaround on anticipation of Goldman Sachs, government settlement

Anticipation of Goldman deal turns stock around

GOLDMAN COMEBACK: Expectations that Goldman Sachs Group Inc. was settling the government’s civil fraud charges lifted the Dow Jones industrial average from a late-day loss of about 100 points. The Dow closed down just 7.

AND GOLDMAN’S STOCK: First the anticipation, and then the news of the deal sent Goldman’s stock soaring. It was up about $140 late in the day, closed at $145.22, then jumped again to more than $153 in after-hours trading.

AND BEFORE GOLDMAN: Stocks fell on more economic worries. A batch of downbeat reports had investors taking a bleaker view of the recovery.