Toxic debt plan prompts biggest-ever Wall Street gain

Wall Street got the news it wanted on the US economy's biggest problems - banks and housing - and responded with a rally that hurtled the Dow Jones industrials up nearly 500 points.

Toxic debt plan prompts biggest-ever Wall Street gain

Wall Street got the news it wanted on the US economy's biggest problems - banks and housing - and responded with a rally that hurtled the Dow Jones industrials up nearly 500 points.

Investors added rocket fuel today to a two-week-old advance, cheering the US government's plan to help banks remove bad assets from their books and also welcoming a report showing a surprising increase in home sales. Major stock indicators surged more than 6%, including the Dow.

You have reached your article limit. Already a subscriber? Sign in

Continue reading for €5

Unlock unlimited access and exclusive benefits

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited