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Stocks up big after Fed actionGlobal effort to break credit crunch leads to opening market surge.NEW YORK (CNNMoney.com) -- Stocks surged at Wednesday's open after the Federal Reserve announced a coordinated global effort to combat the credit crunch. The Dow Jones industrial average gained 1.5 percent. The Nasdaq composite index surged 2 percent. The Standard & Poor's 500 index added 1.5 percent. Among stocks in the news Wednesday: Bank of America (Charts, Fortune 500), Wachovia (Charts, Fortune 500), Capital One (Charts, Fortune 500), Coca-Cola Enterprises (Charts, Fortune 500), Mylan (Charts) and AstraZeneca (Charts). |
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