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Archive Home > 2008 > July > 17 > Wall Street revives with dizzying surge in stocks

Wall Street revives with dizzying surge in stocks

Rally is accompanied by SEC’s announcement of plans to crack down on rumors, short sales

By Jenny Anderson / The Bulletin
July 17, 2008

NEW YORK — Euphoria tinged with a bit of panic swept Wall Street on Wednesday, as battered financial shares roared back in their biggest one-day rally ever.

Coming after a week of staggering losses, the surge left many traders dizzy. It was only on Monday when banking stocks took one....

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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.