Wall Street snaps losing streak
05-03-2009
Wall Street snapped a five-day losing streak overnight, as an expected huge stimulus plan from Beijing and new US efforts to ease home foreclosures helped mute the impact of weak economic data. The Dow Jones rallied 149.82 points - or 2.23 percent - to 6,876.84 at the closing bell. The technology-dominated Nasdaq climbed 32.73 points - or 2.48 percent - to 1,353.74 and the Standard & Poor's 500 index jumped 16.54 points to a close of 712.87 - again a rise of just over two percent.
