Stocks Soar by 11% After Aid to Banks

The Dow Jones industrial average opened 400 points higher and never looked back, led by big gains in financial stocks.

Monday, October 13, 2008

Last week’s stock sell-off gave way to a big rally, with the Dow Jones industrial average having its largest-ever point gain. The surge came as countries around the world took steps to ease the financial crisis, ushering in a drastic reshaping of the banking industry even as doubts lingered about its long-term effects.

The Dow Jones industrial average opened 400 points higher and never looked back, led by big gains in financial stocks. At the close, the blue-chip index was up more than 935 points or 11.1 percent.

The broader Standard & Poor’s 500-stock index surged 11.6 percent and the Nasdaq was up about the same. Stocks in Paris and Frankfurt had their biggest one-day gains ever.

The rallies came after central banks flooded the financial system with billions of dollars in liquidity, throwing out the traditional financial playbook in favor of a series of ...

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Dow Jones soars:+10.9%

October 2008

Wall Street went bargain-hunting for opportunities with a general price increase, closing at above 10%.

The Dow Jones index closed at 9.065 points, gaining 889 points (10.88%), while Standard & Poor's 500 closed in 940.51 points, with a reported gain of 91.5 points (10.79%). The Nasdaq closed at 1,649.67 points, gaining 143 points (9.53%).

Stocks Lower After Day of Wild Swings

October 2008

On Friday, the Dow closed down about 100 points, its eighth consecutive decline.

Between the start and the finish was a day in which the Dow Jones industrial average swung 1,000 points and a wild final hour in which the market moved from almost 400 points down to 300 points higher, only to close down 128 points or 1.4 percent.

Stocks Plunge Again; Dow Under 9,000

October 2008

A late-day decline once again pushed the markets down sharply, with the Dow falling more than 600 points.

The Dow Jones industrial average lost 678.91 points, or 7.3 percent, on the day, while the broader Standard & Poor’s 500-stock index ended down 7.6 percent. The technology-heavy Nasdaq was down 5.47 percent.

Wall Street continues to rise while it awaits approval of the Paulson Plan

September 2008

The New York Stock Exchange was rising after its historic fall yesterday in hopes that the rescue plan will finally be approved.

At 16H00 GMT, the Dow Jones Industrial Average (DJIA) rose 266.74 points to 10,632.19 after having fallen close to 800 points on Monday.

The Nasdaq index, which is made mainly of technology companies, rose 62 points to 2,045.73 units and Standard's and Poor's 500 rose 3.21% (35.57) to 1,141.99.

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