Monday, November 24, 2008

Dow ends up nearly 400 points after bailout of Citigroup

Wall Street soared Monday for the second straight session as investors reacted to news that government had agreed to bail out Citigroup. The Dow finished up nearly 400 points today. This, combined with Friday's gains, marked the Dow's biggest two-day percentage gain since October 1987. The Dow's 891-point climb over the two sessions also wiped out the 872-point plunge it suffered on Wednesday and Thursday, when investors were anguished over the fate of Citigroup Inc. and financial companies in general, and the future of the nation's automakers.

All the major indexes jumped more than 4.5 percent.

1 comment:

Mberenis said...

I think WE need a bailout.


Check out current bailouts for us.
Bailout Types for 2009