Dow Jumps Above 8,000 for First Time in 2 Months [View All]

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Source: Associated Press

Dow jumps above 8,000 for first time in 2 months

By MADLEN READ and SARA LEPRO, AP Business Writers – 9 mins ago
NEW YORK – Enthusiastic investors are buying up stocks again, sending the Dow Jones industrials above the 8,000 mark for the first time in nearly two months.

All the major indexes are soaring more than 3.5 percent as investors grow more optimistic that the economy is on the mend.

Financial stocks are leading the rally, following the relaxing of certain accounting rules that should help banks reduce losses. Meanwhile, the world's finance leaders are meeting in London to discuss efforts to fix the global economy.

In midday trading, the Dow is up 266 points to 8,027. The Dow has not risen above 8,000 since Feb. 10.

Read more: http://news.yahoo.com/s/ap/20090402/ap_on_bi_st_ma_re/wall_street