Wall Street rallies at end of turbulent session

Published: Tuesday, Nov. 18, 2008 2:50 p.m. MST
 |  E-MAIL | PRINT | FONT + - 
NEW YORK — Wall Street has pulled off a rebound in another turbulent session, as investors rushed back into the market after the Standard & Poor's 500 index tested a 2003 low.

The market, which had been down four of the past five sessions, has been volatile amid worries about how long a recession might be. That's driven many retail investors to the sidelines, while big institutional traders such as hedge funds keep major stock indexes vacillating.

Stocks rallied in the final hour of trading in part because fund managers whose portfolios are tied to the S&P 500 had to find a replacement for Anheuser-Busch Cos. The brewer was officially acquired by Belgium's InBev SA for $52 billion.

The Dow rose 151 points to the 8,425 level.

Comments

You can be the first to comment on this story.

previousnext

Latest comments

that the military, who trains soldiers to kill, can't execute one of their...

Why not N.C.? Got some of the best pork BBQ in the country out there with...

Obama salutes slain

Anon. 12:47 is wrong to try to polarize Americans based on this one incident....

Bomb kills 9 officers in Pakistan

when you want to de-stabilize a society in order to take it over, you must...

It is erroneous to refer to people who choose to practice homosexuality as...

I guess most of the people on this page don't know anybody from grade school...

Boy, oh boy are we lucky to have Alex Hart coming up north. Almost 9 records,...

Yes, yes they do stop you at the hospital door in many states if the person...

Looks like we should have been the ones signing Earl Boynkins to a short-term...

Death penalty rare in military

His actions are clearly pre-meditated murder--multiple murders. And as an...

Advertisements
Advertisement