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(AP) - Wall Street has stormed back from last week's devastating losses, sending the Dow Jones industrials soaring a
nearly inconceivable 938 points after major governments' plans to
support the global banking system reassured distraught investors.


      The Dow by far outstripped its previous record for a one-day
point gain, 499, reached during the waning days of the dot-com boom
in 2000.


      The market was likely to have a rebound after eight days of
precipitous losses that took the Dow down nearly 2,400 points, but
no one expected this kind of advance. 

Still, back-and-forth trading
is likely to continue as Wall Street still contends with a crippled
financial system and a struggling economy. So some of Monday's big
gains may disappear when trading resumes Tuesday.


      The Dow is up about 938 points at the 9,389 level. All the major
indexes are up more than 11 percent.

Gallery

US stocks head for higher open after rout

Snowballing sell-off spreads worldwide

The climb back is farther than the plunge

Business and Economic News

The Dow Jones industrial average rose more than 900 points today, a huge rebound from last week's devastating losses.

Traders celebrate on the floor of the NYSE

Stock market rebounds in a big way

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