Stocks soar after bailout of Citigroup

NEW YORK - November 24, 2008 - Investors are hoping the rescue of /*Citigroup */will help lift some of the uncertainty hounding the financial sector and the overall economy. Many observers saw the move as offering a template for how the government might carry out other bank stabilizations if they are needed.

Still, the market remains wary, especially with the economy in a serious downturn. The Dow was up more than 500 points in the last hour before giving up some of its gains - many investors wanted to take some money off the table before the next bit of bad news arrives.

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