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Tuesday, 11 March 2008

Federal Reserve Pumps 200 bio Dollars into market

http://news.yahoo.com/s/ap/20080311/ap_on_bi_st_ma_re/wall_street;_ylt=Ai5FsE_k_ZIxvCpWxP_Ab4as0NUE

NEW YORK - Wall Street finally found a reason for a huge rally Tuesday, after the Federal Reserve said it plans to pump $200 billion into the financial markets to help ease the strain from the credit crisis. The Dow Jones industrial average shot up more than 416 points, its biggest one-day point gain since July 24, 2002.

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