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| Stocks jump on Ambac hopes |
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Feb. 22 - U.S. stocks staged a remarkable
last minute recovery on hopes a face-saving
deal can be reached with troubled bond
insurer Ambac. The Dow climbed 96 points in
the last 30 minutes of the trading day to
close at 12,381. The S&P 500 rose 10 points
to 1,353. The Nasdaq gained 3 points to
2,303. Crude oil prices hovered near $99 a
barrel.
Conway Gittens reports from New York. Tags : Reuters business_GF Ambac MBIA bond |
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