Stocks rebound with eyes on Congress

September 30, 2008

Wall Street followed its worst day in over 20 years with the biggest one-day percentage gain for the S&P 500 in more than six years. The rally was sparked by signs the $700 billion bank bailout legislation was not dead. The Dow soared 485 points to 10,850. The S&P 500 jumped 58 points to 1,164. The Nasdaq gained 98 points to 2,082. Crude oil gained more than $4 to $100.64. SPEAKERS: Ken Goldstein, economist, Conference Board Conway Gittens reports from New York.