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

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

Tuesday, September 30, 2008

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.

More on this topic

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 Soar by 11% After Aid to Banks

October 2008

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

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.

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.

Chaotic Day Ends With Stocks Off 3.8%

October 2008

Panic came to Wall Street on Monday morning, but its stay was brief, at least for one day.

The Dow Jones industrials finished more than 360 points lower, dropping below the 10,000 mark for the first time in five years, as markets around the world spiraled downward in the face of a banking crisis that has tightened its grip on the global economy.

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