U.S. stock market rejoices over bailout plan

Date: Fri, 19 Sep 2008 12:02:56 -0400
U.S. stock market rejoices over bailout plan

U.S. stock indexes rocket higher as Wall Street cheers a plan from the
Treasury and Federal Reserve to unfreeze the credit markets, as well as
regulators' plans to move against short sellers.

SEC bans short selling in hundreds of financial stocks

The Securities and Exchange Commission early Friday issues an emergency
order temporarily banning short selling in the shares of nearly 800
financial institutions.

ETF Focus: New SEC rules could boost short ETFs as trading volume
surges

Securities and Exchange Commission rules that went into effect Thursday
designed to stop so-called "naked" short selling could prove to be a
boon for a rapidly growing segment of the market for exchange-traded
funds.

Treasury moves to calm money-market investors

In the latest step designed to stem the turmoil in financial markets,
the U.S. Treasury says it will guarantee money-market funds so that no
other fund "breaks the buck."

Metals Stocks: Gold tumbles most in 25 years after rescue plan

Gold futures stumble as traders exit positions following the precious
metal's sharp rally over the prior two sessions, pulling back in
reaction to word of a U.S. rescue plan to help revive crippled financial
institutions.