Wall Street rebounded Monday morning as the Federal Reserve injected more cash into the banking system.
The Fed announced minutes after the opening bell that it would add two billion U.S. dollars in liquidity in a one-day repurchase after injecting 6.4 billion dollars last week.
Meanwhile, the European Central Bank (ECB) on Monday put 65.3 billion dollars into its banking system.
Last week, the ECB and the Bank of Japan put more than 200 billion dollars and five billion dollars respectively into the markets to solve credit tightness.
As of 10:30 am, the Dow Jones industrial average rose 72.84, or 0.55 percent, to 13,312.38. The Standard & Poor's 500 index advanced 10.90, or 0.75 percent, to 1,464.54, and the Nasdaq composite index rose 25.04, or 0.98 percent, to 2,569.93.
Source: Xinhua
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