Stocks Soar as Investors Take to Gov. Rescue Plans - KAIT Jonesboro, AR - Region 8 News, weather, sports

Stocks Soar as Investors Take to Gov. Rescue Plans

NEW YORK (AP) - Wall Street has just had another huge rally, with stocks soaring as investors stormed back into the market following a government plan to restore calm to the financial system.

The plan to rescue banks from billions of dollars in bad debt has relieved investors who worried that bad bets on mortgages would hobble more financial companies and cause even more damage to the banking system and the overall economy.

The Dow Jones industrials are up about 370 points at the 11,389 level, giving the blue chips a two-day gain of about 780. Yet the Dow is ending a volatile week largely unchanged follow massive losses earlier Monday and Wednesday. Those losses came in response to the failure of Lehman Brothers Holdings Inc. and the government bailout of American International Group Inc.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • Mother denied visa to attend son's funeral

    Mother denied visa to attend son's funeral

    Tuesday, January 16 2018 9:53 PM EST2018-01-17 02:53:27 GMT
    Tuesday, January 16 2018 10:06 PM EST2018-01-17 03:06:07 GMT
    (Source: WREG)(Source: WREG)

    The mother of a navy soldier could not attend his funeral after his father said the government would not grant her a visa.

    The mother of a navy soldier could not attend his funeral after his father said the government would not grant her a visa.

  • Police: video shows woman put a gun to victim's head during argument

    Police: video shows woman put a gun to victim's head during argument

    Tuesday, January 16 2018 9:39 PM EST2018-01-17 02:39:30 GMT
    Melanie Amber Adams (Source: Craighead County Sheriff's Department)Melanie Amber Adams (Source: Craighead County Sheriff's Department)

    Police say a woman who pointed a handgun at her roommate’s head could face up to six years in prison if convicted.

    Police say a woman who pointed a handgun at her roommate’s head could face up to six years in prison if convicted.

  • Arkansas legislative panel backs proposal to ban herbicide

    Arkansas legislative panel backs proposal to ban herbicide

    Tuesday, January 16 2018 9:04 PM EST2018-01-17 02:04:40 GMT
    (Source: KAIT)(Source: KAIT)

    Arkansas lawmakers have recommended regulators move forward with efforts to ban an herbicide that farmers in several states say has drifted onto their crops and caused damage, endorsing the prohibition despite a lawsuit by...

    Arkansas lawmakers have recommended regulators move forward with efforts to ban an herbicide that farmers in several states say has drifted onto their crops and caused damage, endorsing the prohibition despite a lawsuit by...

Powered by Frankly