American stock indexes on Monday staged a record rally in 70 years, surging more than 11 percent on government plans to support banks and inject liquidity into the global financial system. Investors responded with a strong rise across almost the entire market, bank, oil, industrial and technology shares jumped sharply, and activity on the New York Stock Exchange nearly returned to normal.

The U.S. government has managed to win back some of the investors’ lost confidence, the New York Stock Exchange has nearly returned to its former activity, and the rise in stock indices at Monday’s close broke a 70-year record
Moscow. October 14. INTERFAX.RU - U.S. stock indices at Monday’s close posted a record rally in 70 years, surging by more than 11%, Bloomberg reported. Futures on U.S. indices are rising on Tuesday. As of 7:44 a.m. Moscow time, the Dow Jones contract was up 1.8%, the S&P 500 - 2.3%, and the Nasdaq - 1.85%.
Investors’ positive mood is based on government plans to buy bank shares, as well as the Federal Reserve’s intention to allocate a significant amount of dollars to inject into the global financial system.
The Dow Jones Industrial Average rose by 936.42 points (11.08%) by Monday’s market close to 9387.61. This is the largest percentage gain since 1933.
The Standard & Poor‘s 500 rose by 11.58 points (11.58%) to 1003.35. The daily gain was the largest since 1939.
The Nasdaq Composite index rose by 194.74 points (11.81%) to 1844.25.
Trading activity on the New York Stock Exchange on October 13 was only 1% below the average daily level for the past three months and amounted to 1.5 billion shares.
Morgan Stanley shares soared by 87% after news of an agreement with Japan’s Mitsubishi UFJ Financial Group on investments totaling $9 billion.
Goldman Sachs Group Inc. shares rose by 25%, Bank of America Corp. - by 9.2%, Citigroup Inc. - by 12%.
Shares of Exxon Mobil Corp., the world’s largest oil company, jumped by 17%, Chevron - by 21% due to rising oil prices. By Monday’s close, the price of WTI crude oil stood at $81.19 per barrel.
General Motors Corp shares rose by 33%. GM is holding preliminary talks with Chrysler’s largest shareholder, Cerberus Capital Management, about a merger of the two auto giants. Shares of Ford Motor Co., the second-largest U.S. automaker, rose by 20% on reports that the company is considering selling its controlling stake in Mazda Motor Corp. nearly 30 years after it began investing in the Japanese company.
Shares of Freeport-McMoRan Cooper & Gold Inc. jumped by 25%, and Alcoa Inc., the largest aluminum producer in the U.S., by 23%. Copper rose on Monday, climbing from its lowest level in the past 33 months.
Apple Inc. shares jumped by 14% - the biggest gain in nine years. Sanford C. Bernstein & Co. analyst Toni Sacconaghi raised the rating on the Macintosh computer and iPod multimedia player maker’s shares to "outperform".
Abbott Laboratories shares rose by 9.6% after news that the U.S. pharmaceutical company would buy back its own shares worth $5 billion. The purchases will be made "from time to time at market conditions," the company said in a press release.
On this news, shares of Johnson & Johnson, the world’s largest health products manufacturer, rose by 12%.