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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Today's Surging Stocks

Today's rally -- with 15 minutes left in the trading day, the Dow, the Nasdaq and the S&P 500 all are up 9 percent -- is generally across the board, sector-wise.

Advancers on the New York Stock Exchange outpaced decliners by about 2,900 to 250.

Three of the five most active stocks on the exchange are from the financial sector -- Morgan Stanley, Bank of America and Citi -- with AIG and GE rounding out the top five.

Morgan Stanley was on pace for its biggest percentage gain of the day, after cinching the Mitsubishi deal, but that's partly because Morgan lost 60 percent of its value last week on fears the Japanese would pull out.

On the Nasdaq, both Apple and Microsoft are in the top five movers.

In a sign of increasing investor confidence, gold futures -- considered a safe-haven investment -- have dropped for the third straight session.

-- Frank Ahrens

By Frank Ahrens  |  October 13, 2008; 3:54 PM ET
Categories:  The Ticker  
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I'm still drowning in the deep end here. It's good to see others doing well. If it keeps up and it could, we might go from a bailout to a boom before Christmas. It's an ideal country we have here and anything is possible. A lot of people gave everything to make it this way. Steer clear of politics. We're going going broke. Have been for years, but you can't have it all. There's enough for everybody. Don't forget the old people because if you keep living you will be old people. I don't think that's for me.

Posted by: Night Mayor | October 13, 1908 5:15 PM | Report abuse

It looks like a symbolic rally to me. We'll see if it has any legs.

Posted by: Toney | October 13, 1908 6:10 PM | Report abuse


Posted by: benq11 | October 14, 1908 12:45 PM | Report abuse

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