By TIM PARADIS, AP Business Writer
NEW YORK – Wall Street is getting the good news it wants on the economy's biggest problems: banks and housing.
Investors reignited a two-week rally Monday after hearing the government's plan to help banks remove as much as $1 trillion in bad assets from their books and home sales showed a surprise increase. Major stock indexes jumped as much as 4 percent, including the Dow Jones industrial average, which rose nearly 300 points.
The Treasury Department said its plan would rely on the government's $700 billion financial rescue fund, the Federal Reserve and the Federal Deposit Insurance Corp., as well as private investors.
Full Story March 23, 2009
Fort Worth Real Estate
- Fort Worth high school to debut innovative energy ...
- Great city key to developing Fort Worth tourism
- February existing home sales rise by 5.1 percent
- Stocks jump on bank plan, rise in home sales
- Accounting mistake may cost North Texas Tollway Au...
- Fort Worth Neighborhoods | TCU Area
- Fort Worth rated among healthiest housing areas
- Tarrant's top elected leaders cool toward casino l...
- ▼ March (8)
- ► 2008 (24)