Stocks Extend Rally on Gov't Rescue Plan; Dow Gains More Than 700 Over Two Days- AP Wall Street extended a huge rally Friday as investors stormed back into the market, relieved that the government plans to rescue banks from billions of dollars in bad debt. The Dow Jones industrials rose more than 375 points, giving them a massive gain of more than 785 points over two days, and Treasurys fell as money flowed into equities. A new ban on short selling, or placing bets that a stock will fall, was likely adding to the market's gains.... » read more

Related Stories

• World Markets Soar on U.S. Rescue Package- AP
• Shares of National Banks Skyrocket on Government Plans- AP
• Americans, Get Ready for an Enormous Tax Bill- Tech Ticker
• Biggest Bailout Ever: Did the Government Go Too Far?- Tech Ticker

Government Plans to Attack Financial Crisis- APThe Bush administration sketched out a multi-faceted effort on Friday to confront the worst U.S. financial crisis in decades, outlining a program that could cost taxpayers hundreds of billions of dollars to buy up bad mortgages and other toxic debt. Relief washed over Wall Street with a surge of buying.

• Treasury, Fed Move to Bolster Money Market Funds- AP
• Bush: "This is a pivotal moment for America's economy"- CNBC
• SEC bans short-selling for 799 financial stocks- AP
• Key senator says rescue will be "costly"- AP
• Citigroup considering bid for WaMu: report- Reuters
• AIG shareholder effort seeks to avoid Fed 80% stake: report- MarketWatch
• Oil rises near $100 a barrel in Asia- AP
• ‘Huge Game Changer’: What Happens to Wall Street Banks Now- Tech Ticker