Wall Street's major stock indexes reversed big losses to end up more than 1 percent Thursday as investors dumped some troubled financial stocks and pumped money into the materials and transportation sectors. Investors dumped shares of Lehman Brothers Holdings Inc. again after the bank's plans to shore up its finances failed to impress some analysts and traders.
The Dow Jones industrial average rose 164.79, or 1.46 percent, to 11,433.71.
The Standard & Poor's 500 index rose 17.01, or 1.38 percent, to 1,249.05.
The Nasdaq composite index rose 29.52, or 1.32 percent, to 2,258.22.
For the week:
The Dow is up 212.75, or 1.90 percent.
The S&P is up 6.74, or 0.54 percent.
The Nasdaq is up 2.34, or 0.10 percent.
For the year:
The Dow is down 1,831.11, or 13.80 percent.
The S&P is down 219.31, or 14.94 percent.
The Nasdaq is down 394.06, or 14.86 percent. |