New York/Washington - US stocks made strong gains after a wild day of trading Tuesday, pulling back from the worst day on Wall Street since the September 2001 terrorist attacks.
The Dow Jones Industrial Average rose 1.3 per cent, largely on investors' hopes that the government would come to the rescue of American International Group Inc (AIG), the largest US insurer. The broader Standard & Poor's 500 Index surged 1.75 per cent.
New York - Major US stock indices were recovering Tuesday after turmoil in the financial sector on Monday led to the worst day on Wall Street since the September 2001 terrorist attacks.
The Dow Jones Industrial Average was up 40 points early Tuesday afternoon, despite opening the trading day down about 150 points. The Dow plunged more than 500 points, or 4.4 per cent, on Monday.
The broader Standard & Poor's 500 was down as much as 1.8 per cent in early trading, but was posting a 0.5-per-cent gain by the late morning, after plunging 4.7 per cent Monday.
New York- Major US stock indices were trading lower Tuesday morning, after turmoil in the financial sector on Monday led to the worst day on Wall Street since the September 2001 terrorist attacks.
Stocks were a little more stable Tuesday. The Dow Jones Industrial Average fell 150 points in early trading, but had recovered much of the early loss within an hour of opening. The Dow plunged more than 500 points, or 4.1 per cent, on Monday.
The broader Standard & Poor's 500 was down as much as 1.8 per cent in early trading, after plunging 4.7 per cent Monday.
Vienna - Shares traded on the Vienna Stock Exchange fell to a three-year low Tuesday, continuing Monday's downward movement started by the news about US investor Lehman Brother's bankruptcy.
By 15:30 local time, the ATX, Vienna's main stock index, had lost 6.28 per cent of its value. The index fell below the mark of 3,000 points for the first time since June 2005.
Losses in Vienna were more pronounced than on Germany's DAX index, which was down 2.86 per cent in the afternoon, and the Euro Stoxx 50 index monitoring large European companies, which lost 3.44 per cent.
London - The Bank of England Tuesday pumped an extra 20 billion pounds (36 billion dollars) into money markets, following a similar move by the European Central Bank (ECB).