Good Thing the Market Was Open on a Federal Holiday

By October 13, 2008Economy, Taxation

Which actually came as a surprise — the federal government is closed and the markets are still functioning?

Anyway, good!

NEW YORK (AP) — Wall Street has stormed back from last week’s devastating losses, sending the Dow Jones industrials soaring a nearly inconceivable 938 points after major governments’ plans to support the global banking system reassured distraught investors.

The Dow by far outstripped its previous record for a one-day point gain, 499, reached during the waning days of the dot-com boom in 2000.


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