Los Angeles Times | March 12, 2009 | 1:05 p.m. PT --- Wall Street rallies on hopes of relief for banks Stocks gained today for a third straight day as hopes for regulatory relief for banks pushed up shares of the financial sector and the market overall. The Dow Jones industrials rose about 240 points, or 3.4%. The Standard & Poor's 500 index shot up 4.1%. Much of today's advance came after a policy-setting body for the accounting industry said it soon would make a long-awaited recommendation to Congress about easing financial reporting rules for beleaguered banks.
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