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Stocks Soar on Wall Street as Markets Bounce Back from Worst Rout in 20 Years
market analyst brad hintz of sanford bernstein in new york says former investment banks like morgan stanley and goldman sachs are being transformed .
trader steven marcus works on the folloor of the new york stock exchange, 13 oct 2008 in percentage terms, monday's rally was the biggest advance in the dow industrials since 1933 and the point gain dwarfed the previous record gain of 499 points set during the technology bubble in early 2000 .
monday was first day in nine trading sessions that wall street closed higher .
voa's barry wood reports that wall street's powerful frally followed new com mitments of public money to unfreeze credit markets .
the dow jones industrial average monday pregistered wits biggest daily point gain ever, gaining 936 points or 11 percent .
Generated 2008-10-20_20:37
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