Financial Crisis

Wall Street rebounds as Greek financial rescue plan emerges

A rescue plan to resolve the Greek financial crisis boosted world sharemarkets, wiping all of yesterday’s losses on Wall Street. Materials and energy stocks also climbed as the price of oil rose. The Dow Jones Industrial Average closed 150.25 points, or 1.5%, higher at 10,058.64, its biggest one-day gain since January 4. This followed a 1% drop on Monday to just below the 10,000 level. All but ...