Stocks rally back on hopes write-downs are nearly over

Date: Thu, 13 Mar 2008 21:01:06 (GMT)

Stocks rally back on hopes write-downs are nearly over

U.S. stocks erase earlier losses to trade higher after Standard & Poor's
suggests that banks may be done with the bulk of write-downs linked to
bad home loans.

End of subprime mortgage write-downs in sight for big banks: S&P

SAN FRANCISCO
The end of subprime mortgage write-downs by big banks and brokers may be
in sight, says rating agency Standard & Poor's.

Paulson prescribes tough medicine for Wall Street

Treasury Secretary Henry Paulson prescribes some tough new medicine for
Wall Street to try to ensure that the current fever of market turmoil is
not repeated.

Metals Stocks: Gold futures soar to record above $1,000 an ounce

Gold futures briefly break the psychologically important level of $1,000
an ounce, propelled by ongoing dollar weakness and bleak news from the
financial sector.

Futures Movers: Crude futures hit new high of $111 a barrel

Crude-oil futures rise for a fourth day, closing above $110 a barrel and
hitting $111 earlier, after the greenback falls further against the euro
and yen, lifting prices of dollar-denominated commodities.