Business | Markets
Wall Street opens higher after Citi rescue
US stocks rose on Monday after the US government agreed to inject $20 billion of new capital into Citigroup, heading off a bank collapse that could have crippled the world's financial system.
- Agencies
- Published: 18:49 November 24, 2008
New York: US stocks rose on Monday after the US government agreed to inject $20 billion of new capital into Citigroup, heading off a bank collapse that could have crippled the world's financial system.
The Dow Jones industrial average rose 142.89 points, or 1.78 per cent, to 8,189.31.
The Standard & Poor's 500 Index gained 17.27 points, or 2.16 per cent, to 817.30.
The Nasdaq Composite Index was up 28.33 points, or 2.05 per cent, at 1,412.68.
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