Stocks Soar 300+ on Geithner Plan

By Kevin Spak,  Newser Staff
Posted Mar 23, 2009 8:51 AM CDT
Stocks Soar 300+ on Geithner Plan
Traders and specialists work the trading floor of the New York Stock Exchange.   (AP Photo)

Stocks sprinted out of the gates today, the Wall Street Journal reports, spurred by the Treasury’s long-awaited toxic asset plan. The Dow was up 316 just after noon, while the Nasdaq and S&P 500 added 4.1% and 4.5%, respectively. Banking stocks were the biggest winners, with Citigroup up 24%, and Bank of America up 15%. The gains follow similar moves overseas, with several Asian indexes surged 3% or more. (More stock exchange stories.)

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