Posted AT 4:43 PM EST on 13/10/08
U.S. stocks soar in biggest one-day gain ever
NEW YORK — Wall Street stormed back Monday 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. All major indexes rose about 11 per cent.
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