Stocks soar as investors bet on gov’t rescue plan (AP)

Posted by admin on September 22, 2008 under News | Be the First to Comment

Stocks soar as investors bet on gov’t rescue plan (AP)

Banc of America Specialists' Peter Giacchi, right, and Michael Bonanno work at the post where Goldman Sachs is traded on the floor of the New York Stock Exchange, Friday, Sept. 19, 2008 in New York. Wall Street extended a huge rally as investors stormed back into the market, relieved that the government plans to rescue banks from billions of dollars in bad debt. (AP Photo/Henny Ray Abrams)AP – Wall Street had another extraordinary rally Friday as investors stormed back into the market, relieved that the government plans to restore calm to the financial system by rescuing banks from billions of dollars in bad debt. The Dow Jones industrials soared about 370 points, giving them a gain of about 780 over two days, and Treasurys fell as money flowed into equities.


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