Markets Soar at Opening
Wall Street followed the world markets in responding favorably to Treasury's toxic-assets/bank-rescue plan rollout this morning.
In the first 15 minutes of trading, the Dow is up about 160 points, or more than 2 percent.
The broader S&P 500 and the tech-heavy Nasdaq are both up more than 2 percent, as well.
If the markets finish up on the day, it could signal something that hasn't been seen in these parts in a long while: a three-week rally.
Financials are leading the rally: Citigroup is up more than 28 percent (though still trading under $4 per share) and Bank of America is up more than 18 percent.
-- Frank Ahrens
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By
Frank Ahrens
|
March 23, 2009; 9:51 AM ET
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| Tags: Bank of America, Citigroup, Dow Jones, nasdaq, s&p 500, toxic assets
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