Wall Street saw its biggest one-day-surge yesterday after eight days of deep
losses that took the Dowdown nearly 2,400 points as the West governments' plans
to support the global banking system.
The Dow Jones average rose 936.42, or 11.08 percent, to 9,387.61. The Dow's
previous record for a one-day point gain was 499.19, or 4.93 percent, on March
16, 2000.
The S&P 500 index advanced 104.13, or 11.58 percent, to 1,003.35. It was
the biggest point gain ever for the S&P 500 and was the biggest percentage
gain for the index since March 15, 1933, when it surged 16.6 percent.
The Nasdaq rose 194.74, or 11.81 percent, to 1,844.25, its 10th biggest point
gain; during the dot-com boom, the index soared as much as 324.83 in one day.
Its percentage gain Monday was second to the 14.2 percent logged Jan. 3, 2001,
the same day that the Nasdaq set its record for a one-day point gain.
About 3,030 stocks advanced on the New York Stock Exchange, while only about
160 declined. But the trading volume of 1.82 billion shares was lighter than it
had been last week.