After Losing Streak, DOW Surges

After a six-day losing streak, U.S. stocks surged yesterday, helping to reverse some of the $500 billion in losses that were suffered. The Standard & Poor’s 500-stock index and the Dow Jones industrial average closed up nearly 4 percent, with the Dow gaining more than 600 points. Investors seemed to react to suggestions from a Federal Reserve official that policy makers may not raise interest rates soon.

ABC’s Mark Remillard has the latest.

Blake produces various radio shows at AM 820 News as well as USF Athletics.