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U.S. markets zoom up Monday

Traders conduct business on the floor of the New York Stock Exchange after the Dow Jones Industrial Average dipped 800 points on the previous day as markets plunged globally on October 7, 2008 in New York City. (UPI Photo/Monika Graff)
Traders conduct business on the floor of the New York Stock Exchange after the Dow Jones Industrial Average dipped 800 points on the previous day as markets plunged globally on October 7, 2008 in New York City. (UPI Photo/Monika Graff) | License Photo

NEW YORK, Oct. 13 (UPI) -- U.S. markets surged Monday with the Dow Jones industrial average gaining 936.42 points, grabbing back a large chunk of its loses from the past eight days.

In an eight day slide, including the worst week in 112 years, the DJIA lost nearly 2,400 points. After European leaders announced plans to shore up their financial systems Sunday and Monday, markets rallied, with the DJIA closing at 9,387.61, up 11.08 percent.

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The Standard & Poor's 500 climbed 104.13 points, or 11.58 percent to 1003.35. The Nasdaq composite index gained 194.74 or 11.81 percent to 1,844.25.

On the New York Stock Exchange 3,029 stocks advanced and 158 declined on a volume of 14.59 billion shares traded.

The benchmark 10-year U.S. Treasury bond was yielding 3.98 percent.

The dollar was mixed. The euro rose to $1.356, compared to $1.3413 Friday. Against the Japanese yen, the dollar rose to 101.98 yen, up from 100.25 yen.

In Hong Kong, the Hang Seng index gained 10.24 percent to 16,312.16, up 1,515.29. The Tokyo market was closed for a holiday.

The FTSE 100 index in London gained 324.80 points, or 8.26 percent to 4,256.90.

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