Monday, March 23, 2009

Dow jumps 497 on bank plan, home sales

Posted By: Asim Mohammed
Stocks enjoyed their biggest day since last fall and hit their highest levels in more than a month, thanks largely to positive reaction to Treasury Secretary Tim Geithner's $1 trillion plan to help banks get rid of bad assets.
The Dow Jones industrials soared 497 points, or 6.8%, to 7,776. The Standard & Poor's 500 Index was up 54 points, or 7.1%, to 823, and the Nasdaq Composite Index was up 99 points, or 6.8%, to 1,556.

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