- The Washington Times - Tuesday, April 21, 2009

Rising bank stocks pulled the market higher Tuesday after Treasury Secretary Timothy Geithner reassured investors about banks’ balance sheets. Geithner’s assertion that “the vast majority” of banks have enough capital pulled stocks from a slump that began with a sell-off Monday and spilled over into Tuesday morning.

The Dow Jones industrial average rose 127.83, or 1.6 percent, to 7,969.56.

The Standard & Poor’s 500 index rose 17.69, or 2.1 percent, to 850.08.

The Nasdaq composite index rose 35.64, or 2.2 percent, to 1,643.85.

For the week:

The Dow is down 161.77, or 2 percent.

The S&P; is down 19.52, or 2.2 percent.

The Nasdaq is down 29.22, or 1.8 percent.

For the year:

The Dow is down 806.83, or 9.2 percent.

The S&P; is down 53.17, or 5.9 percent.

The Nasdaq is up 66.82, or 4.2 percent.

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