Dow gains more than 900 points in huge one-day rebound

The blue-chip index's rise was its largest ever in points and the sharpest since 1933 in percentage terms The prospect of governments pumping vast sums into banks on both sides of the Atlantic sent US stocks roaring skywards in one of Wall Street's biggest surges in history as an outbreak of euphoria brought an abrupt end to a long spell of market misery. As banking bosses were summoned to Washington for final talks about a fresh US government bail-out package, the Dow Jones Industrial Average rocketed by 936 points to 9,387. The blue-chip index's rise was its largest ever in points and the sharpest since 1933 in percentage terms. The stunning comeback ended an eight-day losing streak, making back roughly half of the ground lost during Wall Street's worst week ever. On the floor of the New York Stock Exchange, relieved... [read full story]