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Reuters: S&P 500 gains 1 percent on WaMu, easing credit fears

Started by chris, April 07, 2008, 09:01:05 PM

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chris

S&P 500 gains 1 percent on WaMu, easing credit fears
      


NEW YORK (Reuters) - Stocks jumped on Monday, pushing the S&P 500 index up 1 percent, as news that Washington Mutual Inc , is close to securing a $5 billion cash infusion bolstered hopes that the credit crisis is easing and drove up financial shares.
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