Monday, October 20, 2008

Financial News

Photo by Gary Dunaier
Stockmarket Doing Better Today

New York--There are signs of improvement in the credit markets thanks in part by comments by the Federal Reserve chairman that seemed to encourage a new government stimulus package helped give Wall Street a big lift on Monday.

The Dow Jones industrials closed up 413 points, or 4.6 percent. The Standard & Poor's 500-stock index rose 4.8 percent, and the Nasdaq composite index was up about
3.4 percent.

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