October 10th, 2008
10:08 AM ET

Huge roar of cheers erupted from the NYSE trading floor

Susan Lisovicz | Bio
CNN Financial Correspondent

A huge roar of cheers erupted from the NYSE trading floor at 10:07 when the Dow turned positive for the first time today… snapping back from a 697-point decline that brought the Dow to 7,882...

Filed under: Bailout Turmoil
soundoff (9 Responses)
  1. Sharon from Indy

    There are so many record breaking days on Wall Street that my head is spinning.

    I wish I could be transported to a year from now to see how many people landed in jail or if China now owns this country.

    October 10, 2008 at 9:12 pm |
  2. Ron

    I'd like to know how many taxpayer dollars was poured into the stock market today by the Federal Government?

    October 10, 2008 at 4:06 pm |
  3. Kent, Illinois

    Hey, the biggest jump in history was in 1933 when the country was enjoying a depression.............hello depression. When all the stocks are in the toilet that is the best time to buy so of course there will be a jump.

    October 10, 2008 at 2:44 pm |
  4. James

    Cnn should publish a list of all the pork barrel spending by our senators and congressmen that has happend over the last four years.Then these elected officals can be added to a ten or twenty most wanted list. I believe that these officals are as responsible for our financial issues as wall street.

    October 10, 2008 at 1:16 pm |
  5. Rich B - Knoxville

    Unfortunately all the cheers when the Dow turned positive for the first time today (this morning) is just a "Feel-Good" moment reaction - You know, as well as everyone else associated with finance & the stock market, that this slipery downward slide isn't over yet - I believe that before it is over, bottoms out and start to come back, the DOW number will be in the low 6000 range –(I'm actually hoping & praying it won' go any lower than that)-

    October 10, 2008 at 1:00 pm |
  6. Ben

    So are they going to throw a AIG sized party when it closes up? Come on, I bet all the overspeculators who ramped up oil 2 months ago are to blame for this massive selloff so they can in 2 months overspeculate and drive up stock prices to a mirage type bubble. I think wall street has turned into the new mafia of the US. They don't care who they hurt in the long run, the backs of every average income earner in America, they should be assamed!

    October 10, 2008 at 1:00 pm |
  7. keith d kerrigan

    Iam, just wondering why the usa government could not partner with some of the little investors and match their investment dollar for dollar in our company's like General motors etc. And then put some restrictions like you must keep your money in the stock for a period like one year and the government s match must stay in two years. But all the Stock must be United States Companies and invested at home.

    October 10, 2008 at 11:40 am |
  8. Annie Kate

    Here's hoping the market stays up!!

    Annie Kate
    Birmingham AL

    October 10, 2008 at 11:39 am |
  9. Bryan Baros

    If the worlds markets are falling and investors are taking out their money where is it all going...usually someone profits off of someones misfortunes or mistakes...can anyone say where all of the worlds money going? Its stands to reason that if we're all losing, someone should be winning/gaining. Someone Please explain.

    October 10, 2008 at 11:34 am |