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
-
XPRESS
Way to go this DSF
A fun-filled route to guide you to all the happening dos in town
Business Editor's choice
-
What to expect at the Dubai Airshow
We preview what types of aircraft to expect at the Dubai Airshow
-
Air Arabia revamps its website
Upgraded site offers new features, accessible in range of languages
-
Dubai looks ahead to 2010 with new projects
Global visitor numbers up 4% on year and occupancy rates remain strong
