Wall Street rebounded sharply Tuesday after record plunge on expectations that the Congress could approve the rescue plan for the financial sector.
Wall Street roars back after record plunge
The Conference Board, an economic research group, said Tuesday its Consumer Confidence Index rose to 59.8 from a revised 58.5 in August.
The Chicago Purchasing Managers' index, which measures business conditions across Illinois, Michigan and Indiana, came in at 56.7 compared with 57.9 in August.
The Dow Jones average rose 485.21, or 4.68 percent, to 10,850. 66. The Standard & Poor's 500 index recovered 58.34, or 5.27 percent, to 1,164.73, and the Nasdaq composite index rose 98.60, or 4.97 percent, to 2,082.33.
The Dow Jones industrial average plunged 777 points after the House rejected the U.S. government's 700-billion-dollar bailout plan.
(Xinhua News Agency October 1, 2008)
