Dow Jumps 404.71; Nasdaq Up 4.8%

Posted By on May 10, 2010

Nice rebound for those watching the volatile stock market.

Stocks posted their biggest one-day gain in more than a year, boosted by a nearly $1 trillion bailout package to stem Europe’s credit crisis.

The Dow Jones Industrial Average jumped 404.71 points, or 3.9%, to 10785.14, helped by gains in all 30 of its components. The average had its biggest one-day gain in both point and percentage terms since March 23, 2009.

The Standard Poor’s 500-stock index rose 4.4% to 1159.73, led by its financial and consumer-discretionary sectors, up more than 5% each. All the broad measure’s other indexes posted gains as well.

Posted via web from richc’s posterous

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