Stocks rise but come off highs as House OKs bill

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October 3, 2008 20:47

 
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Stocks are advancing but trading off their highs now that the House has approved the government's $700 billion financial rescue plan. Investors have been anxious for resolution on the government's plan to buy up bad assets from banks and other institutions to shore up the financial industry and help resuscitate credit markets. The Dow Jones industrial average is up 169 at the 10,652 level after trading as high as 311.

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