Tuesday, September 30, 2008

Stocks surge higher, but credit worries persist

A pair of traders share a laugh on the New York Stock Exchange floor, Tuesday Sept. 30, 2008. Wall Street has ended sharply higher as investors bet that lawmakers will salvage a $700 billion rescue plan for the financial sector. (AP Photo/Richard Drew)

The recovery in stocks wasn't unexpected as carnage on Wall Street often attracts bargain hunters, though questions remain about how investors will proceed. Without a bailout plan in place to absorb soured mortgage debt and other bad loans from battered banks, investors are left wondering what might restore confidence in lending.

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