New York – U.S. Stocks Surge on Government Plan to Shore Up Markets

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    New York – Stocks soared back to close sharply higher as progress continued toward resurrecting the Resolution Trust Corporation to dispose of bad bank assets and after regulators in the US and Europe took aim at short sellers.

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    The Dow Jones Industrial Average hurdled up a 400-point gain after whipsawing between positive and negative numbers for most of the day, while the S&P and Nasdaq notched even higher percentage gains.

    tthe DJ Industrail Avarage closed up 410 to close at 11019.00


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    4 Comments
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    Swiiss
    Swiiss
    15 years ago

    BORUCH HASHEM. I feel a bit better today! This market has been crazy lately. You don’t know what to expect one minute to the next!

    seer
    seer
    15 years ago

    i hope this issue quiets down . i am personally not convinced that it is over yet.

    Vote McCain - Palin In 08!
    Vote McCain - Palin In 08!
    15 years ago

    Most “experts” look at it long term and say this is just one of those things and we need to stay calm because like always, it comes up again.

    I am not an “expert” nor do I have any stocks.

    Anon
    Anon
    15 years ago

    Stocks were up today because of McCain & Palin.