- Associated Press
- Traders work on the floor of the New York Stock Exchange this afternoon as the Dow rose hundreds of points.
Dow rises more than 900 points as Wall Street storms back
Associated Press
Updated: 10/13/08 4:23 PM
NEW YORK -- Wall Street stormed back from last week's devastating losses after major governments announced further steps to support the global banking system, including plans by the U.S. Treasury to buy stocks of some banks. All the major indexes rose about 10 percent, and the Dow Jones industrials rose more than 900 points.
The hope on Wall Street was that the market was finding a bottom after eight sessions of losses that sent the Dow down nearly 2,400 points. But while a rebound had been expected at some point, investors can expect to see back-and-forth trading in the coming days and weeks as investors work through their concerns ...
EVENT LISTINGS FROM GUSTO
Latest Local News
- Sabres keep Isles at arm's length
10/13/08 9:57 PM
- West Side man charged after heroin, guns found in apartment
10/13/08 9:46 PM
- Grand Island man charged in drug operation probe
10/13/08 3:29 PM
- Trio ties up, robs Adams Street man
10/13/08 2:31 PM
- Profits tumble at Taylor Devices
10/13/08 2:24 PM
- Town of Niagara motorcyclist remains in serious condition
10/13/08 1:59 PM
- Town of Tonawanda company evacuated after hazmat situation
10/13/08 2:10 PM
- Council to consider transition in Broadway Market management
10/13/08 12:36 PM
- Police identify man killed in Busti accident
10/13/08 11:46 AM
- 'Sports Kid of Year' to be revealed Thursday
10/13/08 1:13 PM
- Bills' Edwards back to work; Parrish expects to play
10/13/08 12:52 PM
- Buffalo's gun buyback gets good reviews
10/13/08 12:26 PM
- Corfu woman charged with DWI after Akron accident
10/13/08 10:11 AM
- Pregnant woman fights with group of girls
10/13/08 9:18 AM
- South Buffalo residents uncertain over flood zone changes
10/13/08 9:15 AM
- Good morning, Buffalo
10/13/08 12:51 AM
24 Hour Breaking News
Updated 10/14/08 01:37 AM
- Columbus Day offers a summerlike surprise
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If you didn't get a chance to make the most of Sunday's summertime feel, forecasters say you've still got today and Tuesday before the return of fall temperatures.
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- Faith puts injured Collins soldier at ease
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Sgt. James Hackemer woke up Saturday morning in his boyhood home on his family’s farm in Collins and felt — for the first time in so long — refreshed.
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City & Region
- Lack of high-speed Internet puts rural areas at a disadvantage
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The Town of Grove in northeastern Allegany County has the Swain Ski Center, a population of 530 and a town hall that once was a one-room schoolhouse.
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Sports
- Sabres keep Isles at arm's length
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UNIONDALE — Lindy Ruff wasn't kidding Sunday when he said backup goaltender Patrick Lalime was going to see some action "sooner rather than later." Sooner become Monday afternoon in the Buffalo Sabres' second game of the season.
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Business
- Deals so good, they’re a steal — literally
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Say a homeowner wakes up to find a bicycle dumped on her lawn. She calls the police to come get it, but its owner is never found. Maybe a burglar is caught and a gold mine of loot is recovered. Or perhaps an iPod is seized in a drug raid.
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World & Nation
- Columnist Paul Krugman wins Nobel economics prize
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Paul Krugman, the Princeton University scholar and New York Times columnist, won the Nobel economic prize Monday for his analysis of how economies of scale can affect trade patterns and the location of economic activity.
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Opinion
- Campaigns again turn nasty
The increasing ugliness of the presidential campaign comes, sad to say, as no surprise. When events start to favor one candidate, leaving the other with nothing new of substance to grab onto, the trailing candidate is going to go negative — in this case, fiercely, ridiculously so.
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Life
- BLOW UP BALLOONS, NOT BUDGETS
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So, there’s this show, “My Super Sweet 16” on MTV. You’ve seen it? Episode after episode, parents drop hundreds of thousands —sometimes millions — of dollars throwing their kids the birthday party of the century. Each parent and child tries to top the next. Guest lists reach into the hundreds. Celebrity recording artists provide the entertainment.
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Entertainment
- A brilliant Satriani pleases crowd
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Let’s get the pleasantries out of the way right off the bat.
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