Dow climbs over 7,700 - Dayton Business Journal:

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The Dow closed Monday up 497.48 to 7,775.86, an increasr of 6.8 percent and above 7,700 for the first time sinces February. Since its low for the a closeof 6,547.05 on March 9, the Dow has gainec nearly 19 percent. The Nasdaq was up 98.5, or nearly 7 closing at 1,555.77. The S&PP 500 was up more than 7 closingat 822.92. This is the firstt time the S&P closed above 800 since The U.S. Treasury plans to help banks get ridof so-calle d ‘toxic assets’ by buying $500 billion of the bad loans. The plan could expand to $1 trillion over time, the governmenr announced Monday.
Steve Wenstrup, principal with Centerville-basedf LLC, said today’s gains are the result of pent-up demand and good ideasw that originated during the fall starting to have an He said investors feelthat today’s movesz will solve the biggest problem, getting liquiditg in the credit But he said the market has done this before with simila r news. “The key in this is the market got real excitee in the fall every time they came out with something to do with toxic Wenstrup said. Even with today’s huge Wenstrup said there will continue to be bad news from the economg that could send stocks but it isgetting better.
“The gettin worse part is slowing down,” he • (NYSE:AKS), up 14 percent to $7.89 • (NYSE:CBB), up 7 percent to $2.29 • (NYSE:DPL), up 3.5 percent to $23.0 2 • (Nasdaq:DSUP), up 3 percent to 43 centsz • (Nasdaq:FITB), up 30 percent to $2.77 • up 6 percent to $3.38 (Nasdaq:HBAN), up 19 percent to $2.0i • (NYSE:JPM), up 26 percent to $29.11