Dow snaps an eight-day losing streak, up 11%

It was a historic day on the Wall Street. Stocks bounced back from their worst week ever with one of their best performances as investors cheered the government plan to buy stakes in banks and a Federal Reserve-led push to flood the global financial system with dollars. The Dow posted its biggest ever point gain and markets rallied the most since 1930.

The Dow Jones snapped an eight-day losing streak, gaining 11 percent, to close at 9,387. The Nasdaq put on nearly 12% and the broader S&P 500 index was up 11.5%.