The Dow ended the day up over 276 points to 11,239.28, thanks to higher-than- estimated profit at mortgage underwriter Wells Fargo. Even Fannie Mae and Freddie Mac rose over 15% today. The bad news: Consumer prices increased "at the fastest pace in 26 years", the FBI is investigating IndyMac for fraud and even usually "recession- proof" chocolate is hit during these harder times.
Wall Street Rallies, Consumer Prices Increase
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Gov. Kathy Hochul and Mayor Eric Adams are ordering flags at half-staff in memory of those lost.
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