_gaq.push(['_trackPageview']); _gaq.push(['_trackPageLoadTime']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })();

Posts Tagged “wall street”

Oct 14 2008

Huge Dow Jones rally

Posted by: helenoliveri in News, tags: , ,

Wall Street Rallied Monday, sending the Dow Jones Industrial Average up 936 points, its biggest-ever point gain, and the biggest one-day percentage advance — 11 percent – since March, 1933.

The rally Monday came after the Treasury Department detailed some of its plans for infusing cash into struggling U.S. financial institutions and the Federal Reserve led a worldwide effort to increase the flow of dollars into worldwide banking systems.

The Treasury says its equity investments in financial institutions will target healthy banks with attractive terms.

The Monday rally started in Europe, with expanding government investment in ailing banks there. London’s FTSE 100 Index rallied more than 8 percent. The DAX Index in Germany gained 11.4 percent.

For the day, the Dow closed at 9387.61. The S&P500 Index rallied 104 points, or 11.6 percent.

The Nasdaq Composite Index finished the day up almost 195 points, or 11.8 percent.

Comments No Comments »

Sep 19 2008

Wall street jumps following regulatory measures

Posted by: helenoliveri in News, tags: , , ,
NEW YORK (MarketWatch) — U.S. stock indexes on Friday readied to leap higher at Wall Street’s start in warmly embracing the Treasury and Federal Reserve’s plan to unfreeze the credit markets and regulators in Washington and London moved against short sellers.
“The Federal Reserve’s decision to provide loans to financial institutions to buy asset-backed commercial paper from money market funds could also help pump liquidity in the corporate sector, said analysts at Action Economics. “This is more good news for the markets, helping to thaw out these vital investment vehicles.”
The Fed’s rescue plan, along with the Securities and Exchange Commission’s move to ban short-selling on 799 financial shares through Oct. 2 “appear to be providing the long-awaited tonic to the crisis,” the Action Economics analysts said.

Comments No Comments »