Author: 123jump.com Staff
123jump.com
Last Update: 5:24 PM EDT March 11 2008
U.S. stocks surged after a coordinated move among central bankers led by the U.S. Fed. Nasdaq surged 4%, S&P 500 soared 3.7%, and Dow Jones jumped 3.6%. The Fed led move to add $200 billion in liquidity to credit market was widely seen as a move to improve the health of the financial systems and encourage lending. American Express led the gainers in Dow Jones index and Washington Mutual led the S&P 500 stocks. Talks of investment from Goldman or Buffett lifted Wamu. Bear Stearns soared.
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