President George W. Bush announced a plan to help at-risk homeowners avoid foreclosure as the credit and housing markets continue to deteriorate. Details from Bloomberg...
The Dow Jones Industrial Average gained 175 points (1.3%) to close at 13,620, the S&P 500 Index rose 22 points (1.5%) to 1,507, and the Nasdaq Composite advanced 43 points (1.6%) to 2,709. Crude oil finished up $2.95 to $90.44 per barrel, and gold ended $5.70 higher at $803.20 per ounce.
Magnificent Seven Update
