Last week Wall Street suffered devastating losses as the Dow plunged nearly 2,400 points reeling from massive disruptions including the bankruptcy of several major investment firms. But Wall Street rebounded on Monday from last week’s devastating losses after major governments around the world announced various plans to shore up the global banking system, including plans by the U.S. Treasury to purchase the stocks of some banks and save them from bankruptcy. According to the Star-Telegram on Monday all the major indexes rose approximately 7%, and the Dow went up as much as 600 points. Many analysts say that Monday’s gains weren’t a surprise. They also suggested that investors be prepared for another rollercoaster ride in the markets. Investors are still navigating their fears about the banking sector and credit markets. Also, an economy plagued by job losses and record numbers of personal bankruptcy filings could cause the markets to plunge again.

Related Posts