AP – The 490-point jump in the Dow Jones industrial average on Wednesday was the seventh-largest one-day point gain on record. Here are the others:
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AP – A move by the world’s central banks to lower the cost of borrowing exhilarated investors Wednesday, sending Wall Street soaring more than 400 points and easing fears of a global credit crisis similar to the one that followed the 2008 collapse of Lehman Brothers.
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Reuters – Stocks surged on Wednesday as major central banks around the world acted jointly to add liquidity to the global financial system, sparking a rally in risk assets such as equities and commodities.
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Read More »AP – Stock markets got a big boost Wednesday after the world’s leading central banks joined together to make it easier for banks to get dollars if they need them.
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Read More »Reuters – Stock index futures pointed to a weaker open for equities on Wall Street on Wednesday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.4-0.7 percent.
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Read More »Reuters – TMX Group said Canada’s commissioner of competition expressed “serious concerns” about the likely competitive effects of Maple Group’s proposed plan to buy the owner of the Toronto Stock Exchange.
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AP – Asian stocks fell Wednesday after a meeting of Europe’s finance ministers failed to stem fears that the euro currency union is hurtling toward a breakup. Banking stocks slumped after some of the world’s top financial institutions were slapped with a credit rating downgrade.
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Read More »Reuters – U.S. Securities and Exchange Commission Chairman Mary Schapiro is asking Congress to expand its powers so it can impose tougher financial penalties against wrongdoers on Wall Street.
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