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Updated:
March 27, 2009
Toxic-Asset Plan Lifts Stocks:
The Wall Street Journal
Peter A. McKay and Geoffrey Rogow
March 24, 2009
Excerpt:
Financial stocks led a market surge Monday after the government explained in greater detail its plans to take bad credit bets off of banks' hands. Around 1:10 p.m., the Dow Jones Industrial Average was up 314 points, climbing above 7500 as all 30 of its components advanced. Bank of America, Citigroup and J.P. Morgan Chase saw double-digit percentage gains. General Electric, Caterpillar and Hewlett-Packard each rose roughly 6%.
