Market turnaround

Volatile blue-chip erases losses after plummeting as much as 697 points. Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS By Alexandra Twin, CNNMoney.com senior writer The Dow plunged nearly 700 points in the first five minutes of trading on Friday. NEW YORK (CNNMoney.com) -- Stocks staged a stunning comeback late Friday, with the Dow erasing the 600 point decline it suffered in the afternoon amid the global credit market crisis. Credit markets remained tight, although short-term lending showed some improvement from recent days. Treasury prices fell, raising the corresponding yields. The dollar gained versus the yen and fell against the euro. Oil, gas and gold prices fell. The Dow Jones industrial average was up nearly 200 points or 2% with 2 minutes left in the session. The Standard &... [read full story]