Recovery: Rally on Wall Street
The financial markets benefited from bargain-hunting Monday, even as a research group announced that its Index of Leading Indicators fell 0.5 percent in September.
The Dow Jones Industrial Average finished up more than 170 points and the Nasdaq gained almost 35 points. In the last month, the Dow is up 14 percent; the Nasdaq, almost 20 percent. The latter has wiped out the losses it suffered since the terrorist attacks September 11.
The Federal Aviation Administration gave permission for general aviation flights to resume in 12 U.S. cities, the agency announced. General aviation flights are broadly defined as those under the pilot's own control, and not necessarily under the guidance of air traffic controllers.
U.S. stocks rallied Monday, building on gains from late last week, as investors wary of missing Wall Street's next rally snapped up technology, industrial and drug stocks.
"The market's getting to a point where it's ignoring the bad news," Jon Burnham, CEO of Burnham Securities, told CNNfn's "Street Sweep." But analysts caution that the markets remain unpredictable, subject to news from the fighting in Afghanistan to the anthrax scares. (Full story)
The New York state attorney general's office opened a Web site Monday where donors can research charities collecting money for victims of the World Trade Center attack.
The site -- www.wtcrelief.info -- lists about 180 organizations that have registered with the state agency and includes information about their financial filings and their goals. (Full story)
As firefighters sadly saluted a new group of human remains uncovered at ground zero, New York City officials postponed plans to reopen a symbolic skyscraper a few feet away.
One Liberty Plaza, a building at the southwest corner of the fallen World Trade Center, was set to reopen Monday with a ceremony that some business leaders said would mark the rebirth of the downtown financial district. (Full story)
General aviation flights can resume starting Monday in a phased approval at 12 additional metropolitan areas, federal regulators have decided.
"This is another step in the FAA's phased program to safely restore full access to U.S. airspace," Federal Aviation Administration Administrator Jane Garvey said in a written statement Sunday. "We expect to take additional actions to restore general aviation consistent with national security." (Full story)
Across the United States, businesses and event organizers said they hope that the public is ready to celebrate Halloween despite concerns that fears prompted by the September 11 attacks would keep people at home.
A survey for the National Retail Federation said consumers planned to spend an average of $45 per household on Halloween costumes and decorations, generating an estimated $6.9 billion in sales. "I think that consumers are still very much looking forward to celebrating the holiday," federation spokeswoman Sarah Scheuer said. (Full story)
Tens of thousands of music fans gathered in Washington Sunday to see Michael Jackson, 'N Sync, Aerosmith and an array of other pop stars at a marathon concert to celebrate America and raise money for victims of September's terrorist attacks. "United We Stand: What More Can I Give?" raised about $2 million through the sale of more than 46,000 tickets. Two other concerts -- one in New York, featuring Paul McCartney, Billy Joel, and many others, and another in Nashville -- also contributed to the benefit effort.
What will be the long-range impact on the global airline industry? Click here for more
Are security breaches common at U.S. airports? What is the government doing to improve airport safety? Click here for more
How is Congress helping out in the recovery process? Click here for more
Are children able to grasp the severity of the September 11 attacks? How are they coping?
Will firefighters take greater precautions in rushing into burning buildings in the aftermath of the attacks?
How long will it take to reopen the damaged section of the Pentagon? At what cost? Click here for more
What will happen to the World Trade Center site? Click here for more
What measures will be taken to try to prevent a recurrence of such attacks? Click here for more
George W. Bush: U.S. president Click here for more.
Laura Bush: First lady of the United States, she has become more visible since the terrorist attacks, making public appearances urging parents and teachers to help reassure children that everything is being done to try to keep them safe. Click here for more
Tom Ridge: Director of the U.S. Office of Homeland Security, a new Cabinet-level position Click here for more
Richard Clarke: Head of efforts to safeguard information systems for the Office of Homeland Security Click here for more
Wayne Downing: Retired Army general tapped as deputy national security adviser Click here for more
Joe Allbaugh:The chief of the Federal Emergency Management Agency Click here for more
Rudy Giuliani: Mayor of New York Click here for more
Paul O'Neill: Treasury secretary
Norman Y. Mineta:Transportation secretary
Jane Garvey: FAA administrator
The latest figures provided by federal and local officials give the following totals for the number of people dead or missing from the September 11 attacks.
WORLD TRADE CENTER: 4,415 reported missing to the New York Police Department, including the 157 people on the two hijacked planes; 473 bodies recovered, 422 of which have been identified
PENTAGON: 64 dead on hijacked plane; another 125 dead or missing
PENNSYLVANIA: 44 confirmed dead on hijacked plane
The events of September 11 exposed the vulnerability of the world's greatest superpower, presenting the United States with the challenge of recovering emotionally and physically.
Several industries -- particularly the airline industry and the insurance industry -- have been hit hard by the aftermath of the terrorist attacks, and their progress will be watched closely as a guide to the overall U.S. economic and psychological recovery.
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