Dow Jones rallied some 200+ points this morning, which amplified to 315 points within 2 hours of trading. Now the Dow is up nearly 500 points, more than 6% – all a result of the new bank plan. It staged biggest rally in nearly five months.
The Dow catapulted to 7,775.86 points after gaining 497.48 points or 6.8%
The Standard & Poor’s 500 index increased 54.38 points or 7.1% to 822.92
The Nasdaq composite index also soared 98.50 points or 6.8% to 1,555.77.
Madness. All of this underscores the preeminent role of the housing market in today’s economy.
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