Breaking News Alert The New York Times Monday, March 23, 2009 -- 4:05 PM ET ----- Dow Leaps 497 Points on Enthusiasm Over Treasury Plan Wall Street reignited a two-week rally on Monday, fueled by the government's plan to help banks remove bad assets from their books. The government's program would tap money from the government's $700 billion financial rescue fund and also involve help from the Federal Reserve, the Federal Deposit Insurance Corporation and the participation of private investors. The Dow Jones industrial average closed up nearly 500 points, or 6.8 percent, and the broader Standard & Poor's 500-stock index rose more than 7 percent. The Nasdaq rose more than 98 points or 6.7 percent. Read More: http://www.nytimes.com/?emc=na ----- Now get the New York Times Breaking News to your mobile phone. Sign up for the alerts by texting NEWSALERTS to 698698 (NYTNYT). ----- About This E-Mail You received this message because you are signed up to receive Breaking News Alerts from NYTimes.com. To unsubscribe, change your e-mail address or to sign up for daily headlines or other newsletters, go to: http://www.nytimes.com/email NYTimes.com 620 Eighth Ave. New York, NY 10018 Copyright 2009 The New York Times Company
-- Posted By Breaking News to Break News at 3/23/2009 10:09:00 PM
