21.17 A welcome outbreak of trading floor cheers erupted on Wall Street shortly before the end of an extraordinary session today. A furious late rally took the Dow Jones Industrial average into positive territory after more than 200 points were lost earlier in the day. In the last hour of trading the Dow moved more than 350 points, ending the day up 1.42 per cent at 10,806.82. The S&P 500 Index saw a similar surge, closing up 2.23 per cent at 1,123.75, after drifting into bear market levels several times during a roller-coaster day.
The Nasdaq rose strongly up 68.99 points, or 2.95 per cent, at 2,404.82 although Apple was not one of the winners after an underwhelming iPhone product launch that saw a slight