Dow closes up 936, biggest point gain ever

Wall Street stormed back from last week's devastating losses today, sending the Dow Jones industrials soaring a 936 points after major governments'... NEW YORK — Wall Street stormed back from last week's devastating losses today, sending the Dow Jones industrials soaring a 936 points after major governments' plans to support the global banking system reassured distraught investors. All the major indexes rose more than 11 percent. The market was likely to rebound after eight days of precipitous losses that took the Dow down nearly 2,400 points, but no one expected this kind of advance, which saw the Dow by far outstrip its previous record for a one-day point gain: 499.19, set in March 2000 during the waning days of the dot-com boom. The Dow closed up 936.42, or 11.1 percent, at 9,387.61. Dow component Microsoft gained $4, or... [read full story]