Markets Gain 12%

Dow industrials gain 238 points, up 3.4%, at the closing bell. S&P 500 up 3.9%; Nasdaq up 3.9%.

From the Monday lows, the markets have now gained 12%. The S&P surged 11% since March 9.

The bank sector has seen a 45% gain; Homebuilders up 20%.

Crude Oil for April delivery gained $4.70 (11%), to $47.03/barrel. GM rose 17%.

GE added 13% — despite losing the AAA ranking that it held since 1956 — and is up 68% since Monday

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