Market Indexes Up About 7%

Market indexes went up about 7% today. The Dow jumped almost 500 points (497.48), the fifth larges gain in terms of points in its history. The jump seemed to be on news of a plan to deal with toxic assets and housing news.

http://finance.yahoo.com/news/Stocks-surge-on-bank-plan-apf-14721874.html

"The Dow rose 497.48, or 6.8 percent, to 7,775.86, its highest finish since Feb. 13. It was the biggest point gain for the blue chips since Nov. 13 when they rose 552 points and the biggest percentage gain since Oct. 28, when they rose 10.9 percent. It was the fifth-biggest point gain in the Dow's history.

Broader stock indicators also surged. The Standard & Poor's 500 index rose 54.38, or 7.1 percent, to 822.92, crossing the psychological milepost of 800. The Nasdaq composite index rose 98.50, or 6.8 percent, to 1,555.77.

The Russell 2000 index of smaller companies rose 33.61, or 8.4 percent, to 433.72.

The Dow Jones Wilshire 5000 index, which reflects nearly all stocks traded in America, jumped 7 percent. That's a paper gain of about $700 billion."

More at http://apnews.myway.com/article/20090323/D97420DG0.html and http://www.bloomberg.com/apps/news?pid=20601087&sid=atgwohr1NWTs&refer=worldwide.