Aggressive efforts to raise cash by financial services company lifted the markets at the opening bell with the Dow soaring over 200 points to 12,470. Nasdaq leaped 40 points to 2319.
On the upside
In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks leaped 10 points to 698.