US stocks rallied the most since January after the Federal Reserve announced plans to lend up to $200 billion in Treasury securities to reinvigorate the financial system. The S&P 500 climbed 24.39 points, or 1.9 percent, to 1,297.76 at 10:13 a.m. in New York. The Dow Jones Industrial Average added 238.86, or 2 percent, to 11,979.01. The Nasdaq Composite Index increased 39.83, or 1.8 percent, to 2,209.17. Thirteen stocks gained for every one that fell on the New York Stock Exchange.
(Bloomberg)
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