Financial Times FT.com

Wall St closes higher in volatile trading

By Kiran Stacey in New York

Published: March 25 2009 12:56 | Last updated: March 25 2009 20:54

Financial stocks surged more than 8 per cent in the last hour of trade on Wednesday, leading the market into positive territory despite a reversal in afternoon trade.

The market opened strongly after several pieces of good economic data added to confidence given to investors overnight by President Barack Obama.

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