US stocks rallied the most in five years today:

The S&P 500 rose 54.14 points, or 4.2 percent, to 1,330.74, its biggest rise since October 2002. The Dow Jones Industrial Average climbed 420.41, or 3.5 percent, to 12,392.66, its fourth-biggest point gain ever. The Nasdaq Composite Index increased 91.25, or 4.2 percent, to 2,268.26. Almost 16 stocks rose for every one that fell on the New York Stock Exchange, the broadest advance since September. Treasuries dropped and the dollar surged the most in nine years against the yen.