Today, stocks surged in the last hour. The Dow gained 401.35 to 8,979.26, a gain of 4.68%. European markets were down about 5% in response to the Dow’s 7% drop of yesterday.
A barrel of crude oil hit 69.85 at the end of the trading day on the commodities market. It’s a loss of $4.69.
AIG decides to please AG Cuomo and help recover improper expenditures, including severance packages and bonuses to execs.
Citigroup posts a loss of $2.8 billion. Switzerland gets ready to bailout banking giant UBS. Asia wants to boost their sales at home instead of abroad.
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