Afternoon Markets: Dow gains on Chrysler ruling

The Dow Jones shot up on opening today, following the news Chrysler has staved off bankruptcy. The ...

The Dow Jones shot up on opening today, following the news Chrysler has staved off bankruptcy. The index rose 0.8% to 8,835 points early, after a US federal bankruptcy judge yesterday approved the auto giant's plans to balance its books by closing a quarter of its showrooms. It later fell back 0.25% to 8,814. Bank Citigroup, miner Alcoa and retailer Home Depot were the fastest rising stocks at 3.32% to US$3.52, 2.51% to $11.43 and 2.18% to $24.88 respectively. The FTSE 100 fell nearly 1% to 4,461, from a midday high of 4,506. Travel agents Thomas Cook was the biggest loser, falling 6.79...