Best Day for Stocks in Over a Year (NYSE:GE),(NYSE:C)

Bullish (Bull Market Blue Pic)

Big movers like General Electric (NYSE:GE) gaining 7% and Citigroup (NYSE:C) moving up 5.5% helped the major indexes rally today after European officials approved a nearly $1 trillion rescue plan to contain the debt crisis in troubled nations and stabilize the euro. 

(CNNMoney.com) The S&P 500 index (SPX) surged 49 points, or 4.4%. It was also the best day on a point and percentage basis since March 23, 2009.

 


The Nasdaq composite (COMP) rallied 109 points, or 4.8%. It was the Nasdaq's best day on a point basis since Oct. 28, 2008, and on a percentage basis since March 23, 2009.

Markets around the globe advanced on the plan as investors breathed a sigh of relief that aggressive action was being taken after months of mounting concern. The euro gained versus the dollar, and the dollar gained against the yen.


The S&P 500 index (SPX) surged 49 points, or 4.4%. It was also the best day on a point and percentage basis since March 23, 2009.

The Nasdaq composite (COMP) rallied 109 points, or 4.8%. It was the Nasdaq's best day on a point basis since Oct. 28, 2008, and on a percentage basis since March 23, 2009.

Markets around the globe advanced on the plan as investors breathed a sigh of relief that aggressive action was being taken after months of mounting concern. The euro gained versus the dollar, and the dollar gained against the yen.

SOURCE: http://money.cnn.com/2010/05/10/markets/markets_newyork/

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