9/18/08- Stocks Rally on Hopes of RTC-like Solution to Credit Woes

The Dow almost regained yesterday's loss by gaining 410.03 to close at 11,019.69 while NASDAQ gained 100.25 to close at 2,199.10. The S&P 500 closed at 1,206.51 up 50.12. Oil rose .58 per barrel to close at 97.54 per barrel. The 10 year treasury note was down 1.06 to close at 103.78 boosting the yield to 3.54%. The Euro was unchanged against the US Dollar so one Euro buys US$ 1.43308. Volume on the Big Board was almost 2.5 billion shares. Today's market upswing was the result that the Feds may create a Resolution Trust like structure to deal with the credit crisis facing the economy. That's it for today from Atlanta.