Thursdays afternoon trade: Wall Street surges

Posted by 7Star Friday, April 3, 2009

US stocks jumped on Thursday as changes in bank accounting rules boosted optimism the financial system may stabilise in the short term, while world leaders agreed on measures to fight the recession. US regulators relaxed rules on how banks price assets, which had shaken financial institutions with hefty write-downs, and leaders of the G20 announced an additional trillion dollars to support the International Monetary Fund and boost trade.

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