Stocks made a stunning comeback today, as investors snapped up some of the financial sector’s stronger players and pumped money into the materials and transportation sectors. The Dow Jones industrial average rose more than 160 points.

US stocks made a stunning comeback today, as investors snapped up some of the financial sector’s stronger players and pumped money into the materials and transportation sectors. The Dow Jones industrial average rose more than 160 points.

THE US market opened badly yesterday on the back of the United Airlines bankruptcy announcement and a downgrade by IBM.

US President George Bush is today expected to name CSX Corp chairman John Snow as his new Treasury Secretary, White House officials said.

Survivors of the Florida rail crash have spoken of the moment the train hurtled off the tracks.