Stocks rallied sharply for the second-straight session on the US Treasury's proposal to purchase failed mortgage assets. Details from Bloomberg...
The Dow Jones Industrial Average jumped 369 points (3.4%) to close at 11,388, the S&P 500 Index gained 48 points (4.0%) to 1,255, while the Nasdaq Composite surged 75 points (3.4%) to 2,274. Crude oil increased $6.67 to $104.55 per barrel, and gold ended down $20.50 at $876.60 per ounce. For the week, the DJIA dipped 0.2%, the S&P 500 Index was up 0.2%, and the Nasdaq Composite advanced 0.6%.
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