The Dow Jones Industrial Average surged 498 points, or 6.8%, as investors welcomed details on the Treasury Department's plan to relieve banks of soured mortgage assets. Bank stocks raced higher on the news, with the financial sector of the S&P 500 gaining 18% on the day, pushing the broader index to a 7.1% gain. The Nasdaq Composite Index jumped 6.8%. Markets are at the highest levels in a month.
Source: The Wall Street Journal