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Stocks Blast Off; Dow Rises 420

Worries lessen that investment banks are doomed

By Sam Gale Rosen, Newser Staff

Posted Mar 18, 2008 3:47 PM CDT

(Newser) – Stocks blasted off today, with the Dow up more than 400 points after the Fed rate cut and a rally by investment bank stocks. "The run on the investment banks would appear to be over,'' a strategist told Bloomberg. The Dow ended up... Read full story »

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Stocks Blast Off; Dow Rises 420

Worries lessen that investment banks are doomed

stock market • Goldman Sachs • Federal Reserve • interest rate cut

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More Newser Stories

Stocks Creep Up as Inflation Falls

Fed expected to cut yet more

Market Dips as Eyes Turn to Fed

But yesterday's gain hasn't evaporated yet

Stocks Rocky After Rate Cuts

Investors cheer/jeer/cheer the rate cut

Stocks Sink as Bernanke Hints at Rate Cut

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Rate-Cut News Sweeps Away Rally

Stocks end down thanks to nervous investors

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