Dow Gains 375 Points
The stock market was up big today! Hard to imagine, huh? The Dow closed up more than 375 points, its biggest gain since November, following encouraging comments by Fed chair Ben Bernanke, news that Citigroup had turned a profit during the first two months of '09, and hints that the government planned to reinstate rules governing short sales of stocks. Don't get too excited just yet: "Similar sharp rallies in September, October and November turned out to be fleeting, and the market has still not had two gaining sessions since Feb. 5 and Feb. 6." [Marketwatch, NYT]