JUDY WOODRUFF, CNN ANCHOR: Many people were watching closely on Monday to see if U.S. financial markets could make a comeback from Friday's stunning plunge. We have a report from New York and "MONEYLINE's" Stuart Varney -- Stuart.</s>STUART VARNEY, CNN ANCHOR: All right, thank you, Judy. Yes, indeed, another volatile session on Wall Street today. But unlike Friday, most investors are indeed going home with a smile. The Dow industrials gained 276 points, closing out the day at 10,582. And the Nasdaq actually fared even better, certainly in percentage terms. It was up 6 1/2 percent. The composite index managed to post its biggest one-day point gain ever, up 217 at 3,539. Investors are clearly betting the market went down too far too fast, but traders are still rather apprehensive about just where the markets will go from here -- Judy.</s>WOODRUFF: So Stuart, is the country in a bear market or not?</s>VARNEY: Well, that's a kind of definitional thing. It certainly fits the definition of a bear market in terms of the percentage downside move for stocks recently, the past two weeks especially. But really what has changed is the mood on Wall Street. I would have to say that prior to the last two weeks the mood on Wall Street was ebullient: If you had a dip in stock prices, buy it, because we're going to go and set new highs all over again. Well, that mood has changed. There's a great deal more caution in this market now than there was, say, two weeks ago.</s>WOODRUFF: All right, Stuart Varney, with "MONEYLINE," and they'll have more at the bottom of the hour. Thanks, Stuart. Search CNN.com CNNSI.com CNNmoney.com The Web
Markets Gain After Friday's Plunge