NEW YORK - Wall Street put on another impressive show of resilience yesterday, rebounding from an early sell-off to end higher after the government said it would assist troubled U.S. automakers.
The market, which just a week earlier withstood a terrible November employment report, managed its advance after the Treasury Department said it was prepared to assist the nation's Big Three automakers. The Dow Jones industrial average had fallen more than 200 points in very early trading when it appeared that the Senate had killed a $14 billion bailout package for the...
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