A toxic asset plan peppered with positive housing news made for a great start to the week.
Wall Street soared after the Treasury revealed its plan to use government and private resources to buy up to $1 trillion in risky assets from troubled banks. Markets jumped more than 5%, indicating that investors view the plan as a positive step toward stabilizing the financial system. In housing news, sales of previously occupied homes jumped 5.1% in February, according to National Association of Realtors. The news helped push markets up despite data showing that the median sales price dropped a staggering 15.1% from the previous year. Market gains were broad-based. Outside of bank and housing stocks, big movers for the day included American Express(AMEX Quote), Boeing(BA Quote) and Alcoa(AA Quote). With this in mind, we thought we'd take a look at some of the stocks people have been searching for on TheStreet.com and see what Jim Cramer's had to say about them lately. To read more, visit Stockpickr.com.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,317.10 | 1,100.76 | 2,205.89 | 35.37 |
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UP
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25.84
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