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October 16, 2008 · 1:48PM

U.S. Stocks Rally On Oil, Bond Insurer Plan

The Dow Jones Industrial Average surged 401 points, or 4.7%, in the last hour of trading Thursday as oil retreated below $70 a barrel and bond insurers confirmed they are working on a plan to sell troubled assets to the U.S. Treasury. (Bloomberg)

Categories: Business & Finance Today · Financial Services · Markets, Economic News

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