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Dow Surges On Global Bailout Plans

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Dow Surges On Global Bailout Plans

Economy

Dow Surges On Global Bailout Plans

Dow Surges On Global Bailout Plans

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  • <iframe src="https://www.npr.org/player/embed/95677030/95677510" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The Dow Jones industrial average has closed up 946 points, its biggest-ever one-day increase. The spike follows a week of massive losses on Wall Street that pushed the Dow below 10,000 points. Jeremy Siegel, professor of finance at The Wharton School of the University of Pennsylvania, attributes Monday's surge in stocks to relief the world's central banks and governments are serious about helping banks.