Stock Market Up Monday Morning On Bank Rescue PlanOpen in New Window
According to Reuters "U.S. stocks rallied Monday as a global push by governments to pump cash into banks fueled a rebound in financial shares, and credit markets showed some signs of loosening up. Governments, including those of Germany and France, stepped up efforts to restore confidence in the tottering banking system by offering multibillion-dollar bank rescues after weekend talks in Washington."
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