Stocks jump on revised Bear Stearns deal - East Valley Tribune: Business

Stocks jump on revised Bear Stearns deal

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Posted: Monday, March 24, 2008 1:45 pm | Updated: 9:42 pm, Fri Oct 7, 2011.

NEW YORK - Wall Street extended its big advance Monday as investors applauded a new agreement that will give Bear Stearns Cos. shareholders five times the payout that was set in a JPMorgan Chase & Co. buyout deal a week ago. Investors were also pleased by a stronger-than-expected housing report, and sent the Dow Jones industrial average nearly 190 points.

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