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Dow approaches 13,000, and maybe a record to come

Dow Jones Industrial Average

It was just last summer that the Dow Jones industrial average shed 2,000 points in three terrifying weeks. Investors had a host of things to worry about, including the possibility of another recession. Now the Dow is within reach of the rarefied 13,000 mark — a level it hasn't seen since May 2008, four months before the financial system almost came apart.

 

World's central banks act to ease market strains

World Central Banks

Major central banks around the globe took coordinated action Wednesday to ease the strains on the world's financial system, saying they would make it easier for banks to get dollars if they need them. Stock markets and the euro rose sharply on the move.

 

Asian markets rally after European bank decision

A decision by European central banks to support the region's financial system helped calm Asian markets, setting off a rally across the region in Friday trading....

 

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