Positive close on Wall Street

Wall Street staged a dramatic turnaround today, shooting higher in the last half-hour of trading amid word that a bail out plan for troubled bond insurer Ambac Financial could be announced next week.

CNBC reported shortly before the closing bell that a plan to help shore up the finances of Ambac Financial Group Inc. could be announced on Monday or Tuesday. Ambac shares jumped on the report and finished up 1.48 dollars, or 16%, at 10.71.