Market Opens Up

The Dow jumped more than 100 points, or one percent, at the opening bell, apparently rallying on the Wells Fargo-Wachovia deal and the not-as-bad-as-investors-feared jobs report. The S&P is up about 18 points. The Nasdaq is up 35 points.

Financial stocks are mostly up. Not Citigroup, though. Its shares are trading down more than $3 after Wells Fargo swooped in and nabbed Wachovia from its grasp.

Oil is down more than $1.40 a barrel to $93 a barrel.

--Michael S. Rosenwald

October 3, 2008; 9:43 AM ET  | Category:  business
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