WHEW: Stock Market Rebound Brings Investor Relief

U.S. Government To Buy Parts Of Major American Banks; Move Bolsters Economic Confidence For At Least 1 Day NEW YORK (CBS) ― For the first time in nine trading days the closing bell on Monday gave us something to smile about. All market averages finished up sharply, with the Dow Jones Industrials gaining a full 11 percent in value, the largest one-day jump in 75 years. For Nancy Donahue, staring at the numbers through the Nasdaq Market site window in Times Square, it was great news. "My 401K's getting better every minute," she observed. She's right. Even if the overall market is still down 13 percent for the month, Monday's numbers at least indicate the bleeding may have slowed. A day trader with the improbable name of Greg Gamester seemed especially pleased at the development. On vacation to New York from his home in Tampa,... [read full story]