Stocks jump on Ambac hopes

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Feb. 22 - U.S. stocks staged a remarkable last minute recovery on hopes a face-saving deal can be reached with troubled bond insurer Ambac. The Dow climbed 96 points in the last 30 minutes of the trading day to close at 12,381. The S&P 500 rose 10 points to 1,353. The Nasdaq gained 3 points to 2,303. Crude oil prices hovered near $99 a barrel. Conway Gittens reports from New York.

Category: News
Uploaded: February 22nd, 2008 @ 11:19 pm
Author: ReutersVideo

Length: 02:00
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Tags: ambac bond business_gf mbia reuters

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