U.S. stocks rally sharply in cheering global rescue plans

Date: Mon, 13 Oct 2008 17:03:10 -0400
U.S. stocks rally sharply in cheering global rescue plans

U.S. stocks spring back to life, with the Dow Jones Industrial Average
on track for its largest daily jump ever, with shares of General Motors
buoyed by merger talk amid a widespread global rally after government
actions to heal the financial system. .

Global efforts to rescue banking system gather force

Global efforts to rescue the international banking system gather force,
with Europe leading the way to provide funding and guarantees aimed at
calming the nerves of consumers and investors.

Tech Stocks: Nasdaq surges to second-best day on record, boosting tech
stocks

The Nasdaq Composite Index turns in its second-best day on record by
surging nearly 12% by the closing bell following a bruising sell-off the
week before.

Morgan Stanley shares rally on revised Mitsubishi UFJ deal

Morgan Stanley has wrapped up a revised deal with Japan's Mitsubishi
Financial Group. It would give Morgan Stanley badly needed capital after
enduring a massive stock decline last week on concerns over its future.

Democrats work on economic plan as election nears

With congressional and presidential elections fast approaching and Sens.
Barack Obama and John McCain tussling over the economy, congressional
Democrats call for a new economic-recovery package.