Raging Bull - for a Day

Reversing course on last week's historic losses, the Dow posted its best one-day point gain ever Monday as the gloom and doom on Wall Street vanished -- at least temporarily -- amid the latest global rescue efforts. Today's Market The Dow Jones Industrial Average jumped 936.42 points, or 11.08%, to 9387.61, the broader S&P 500 soared 104.13 points, or 11.58%, to 1003.35 and the Nasdaq Composite surged 194.74 points, or 11.81%, to 1844.25. The consumer-friendly FOX 50 gained 76.04 points, or 11.23%, to 753.01. Monday's rally marked the first positive close on Wall Street since September 30 and raised hopes that the worst of the most serious financial crisis since the Great Depression could soon be over. “It's unbelievable. We’ve definitely taken some nervousness out of the market," said Anthony Conroy, head trader at BNY... [read full story]