"Economy, yer doin' a heck of a job."
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Stocks surge as Feds act
Wall Street rallies as the government moves to stem the financial market crisis. The Dow jumps almost 780 points in two sessions - the best run since 2000.
By Alexandra Twin, CNNMoney.com senior writer
Last Updated: September 19, 2008: 5:59 PM EDT
http://money.cnn.com/2008/09/19/markets/markets_newyork2/index.htm?cnn=yesNEW YORK (CNNMoney.com) -- Stocks rallied Friday, with the Dow rising 369 points, as the government's plan to help rescue banks from toxic mortgage debt soothed investors at the end of a gut-churning week on Wall Street.
Treasury prices plunged and gold prices tumbled as investors bailed out of safe-haven plays and poured money into equities, reversing the flight-to-safety trend of earlier in the week. Oil rallied more than $6 a barrel. The dollar jumped nearly 2% versus the yen, but fell versus the euro.
The Dow Jones industrial average (INDU) added nearly 369 points, or 3.3%.
Including Thursday's big rally, the Dow's two-session advance was 779 points, the biggest since March 2000, according to Dow Jones. On a percentage basis, the two-session advance of 7.3% was the biggest since October 2002.
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