Results tagged “rebound”

The stock indices all rose significantly today: The Dow Jones Industrial Average closed up 5.8%, gaining 379 points to close at 6,926. The S&P 500 also rose 6.4% (ending above 719) and the Nasdaq jumped 7.1%. Bloomberg News reported, "Stocks around the world staged the biggest rally of the year after Citigroup Inc. said it was having its best quarter since 2007, spurring speculation the worst of the banking crisis is over." The NY Times adds the enthusiasm was also spurred by "calls for regulatory reforms from the Federal Reserve chairman, and the possibility that the government would reinstate rules governing short sales of stocks."