U.S. stocks rally; Dow posts third-biggest point gain ever

Date: Tue, 30 Sep 2008 17:04:06 -0400
U.S. stocks rally; Dow posts third-biggest point gain ever

U.S. stock indexes make a respectable comeback from the prior session's
historic rout, in the context of cautious optimism that a rescue plan
rejected Monday by the U.S. House of Representatives would be revived.

Currencies: Dollar surges vs. major counterparts on rescue-plan revival
hopes

The U.S. dollar rallies against most major currencies, as mounting woes
in the European banking sector batter the euro, while the greenback is
boosted by hopes that the proposed $700 billion rescue package for the
U.S. financial sector may be passed soon in some form.

Asia Markets: Stocks end mixed amid bailout review hopes

Asian markets pare steep losses Tuesday on hopes that U.S. lawmakers
will reconsider a $700 billion financial-sector bailout they rejected
overnight.

Obama, McCain unveil plans to aid bailout

Sens. Barack Obama and John McCain both are calling for a raising of
federally insured limits on bank-deposit accounts in an effort reassure
voters that their funds are safe.

Ireland takes steps to safeguard banking system

The Irish government on Tuesday says it will guarantee domestic banks'
deposits and debt for two years in an effort to allay fears of an
imminent collapse after shares in the sector lost more than a quarter of
their value in Dublin Monday.