Money | Wall Street Market Bounces 300+ on Bernanke, Citi News Citi leads way as Bernanke comments give boost By Matt Cantor Posted Mar 10, 2009 11:16 AM CDT Copied Nicholas Brigandi, center, of NYSE Euronext, helps direct trading in shares of Merck & Co. on the floor of the New York Stock Exchange, Monday, March 9, 2009 in New York. (AP Photo/Henny Ray Abrams) The Dow surged more than 300 points this morning, as investors welcomed news from Citigroup CEO Vikram Pandit that his bank had shown a profit the first two months of this year, and optimistic comments from Fed chairman Ben Bernanke. The Dow had risen 312 points by noon, led by Citigroup's 26% gain, the Wall Street Journal reports. Bank of America climbed 24%; struggling Alcoa was up 12%; General Electric jumped 15%; and even GM rose more than 11%. The S&P 500 was up 5.4% at noon, and the Nasdaq 5.7%, with tech stocks bouncing back from yesterday's trouncing, and Google topping $300. Read These Next Doctor left her Alaskan cruise and never returned. Trump "never heard" that "shylocks" is offensive. At least 13 people are dead in Texas flooding. He was caught working for 4 startups at once. Report an error