Breaking News Alert
The New York Times
Monday, October 13, 2008 -- 4:16 PM ET
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Stocks Soar by 11% After Aid to Banks
Stocks roared on Monday, erasing much of last week's losses,
on news that European nations had injected capital into major
banks, that the Treasury was working on plans to do the same
in the United States, and that a deal for a major Japanese
bank to provide new capital to Morgan Stanley was in place.
The S.&P. 500 posted a gain of 11.6 percent, its largest
since the Great Depression, to close at 1,003.35, in
preliminary figures. The Dow industrials gained 936.42 points
to close at 9,387.61.
Read More:
http://www.nytimes.com/?emc=na
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Posted By Breaking News to Break News at 10/13/2008 11:16:00 PM

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