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
-
Wall Street braces for last week of terrible month
Wall Street braces for last week of terrible month
-
Citigroup gets $326b bailout
Ailing Citigroup gets $326b bailout from US government
-
Citibank: UAE customer deposits safe
Citibank says UAE customer deposits safe
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.
Share this article
Related Articles
More from Markets
More from Business
Popular in Business
-
Global Village
A world of fun
Revamped layout featuring four cultures to greet visitors this season
Business Editor's choice
-
India's economic growth rockets
Smashes expectations, adding pressure to raise interest rates
-
No regrets as shoppers cut holiday gift lists
Many Americans are not buying for co-workers and extended family this year
-
Emirates expects profits to cross $1b
Official confident Dubai World will tackle challenge
