Monday, September 08, 2008

Stocks jump on plan for mortgage giants

NEW YORK — Stocks advanced Monday as investors put down bets that a recovery in the financial and housing sectors is in the offing following the U.S. government's move to bail out mortgage giants Fannie Mae and Freddie Mac. The Dow Jones industrials and the Standard & Poor's 500 index dragged a nervous Nasdaq composite index along for the ride.

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