Stocks surge higher; credit worries persist (AP)

September 30, 2008 · Filed Under Stocks 

The presence of news media attract scores of onlookers in front of Federal Hall during coverage of the nearby New York Stock Exchange, Tuesday Sept. 30, 2008. Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. (AP Photos/Bebeto Matthews)AP – Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. But the seized-up credit markets where businesses turn to raise money showed no sign of relief.

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