BERNARD SHAW, CNN ANCHOR: We begin on Wall Street, where the stock market's wild ride got even wilder Thursday. For the latest we go to "MONEYLINE's" Willow Bay in New York -- Willow.</s>WILLOW BAY, CNN ANCHOR: Bernie, it was one of the most dazzling displays of Dow power Wall Street has ever seen. The world's best- known market index roared today, scoring its biggest point gain in history. Investors clamored for Wall Street's wallflowers, the very stocks that have been under pressure for much of 2000. That means the old-line industrials and financials that make up much of the Dow 30. The Dow industrials climbed 499 points, or nearly 5 percent. That was enough to pull the Dow out of correction territory, it's now down about 9 percent from its high. Volume at the New York Stock Exchange was explosive: a record 1.4 billion shares changed hands. That enthusiasm spilled into technology, halting what had been a sudden and sharp downturn for the Nasdaq. That index jumped 134 points, or nearly 3 percent, to 4,717 after being down more than 100 points earlier in the day. As you can imagine, there were many winners today, but here's a look at just a few: American Express up nearly $11, Home Depot and Intel both up more than 4, Merck and General Electric up more than 5. Now, Bernie, the question investors want answered: does this Dow recovery have legs? We'll get some clues tomorrow when the government releases a very market-sensitive report on inflation. For more join us on "MONEYLINE" at the bottom of the hour. Back to you, Bernie.</s>SHAW: Thank you, Willow Bay in New York. Search CNN.com CNNSI.com CNNmoney.com The Web
Dow Climbs 499 in Record-Breaking Day; Nasdaq Rebounds From Correction