Stocks rallied Monday afternoon, with the Dow up 976 points during the session, as investors bet that the worst of the credit crisis is over, following a series of global initiatives announced over the last few days.
The Dow Jones industrial average (INDU) ended 936 points higher, after having risen as much as 976 points during the session. The advance was the largest ever during a session on a point basis. The point gain was equal to 11.1%, the fourth-best day ever on a percentage basis.
The Standard & Poor's 500 (SPX) index added 11.7% and the Nasdaq composite (COMP) added 11.8%.
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