Stocks Soar 300+ on Geithner Plan

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