Markets Soar, but New Rules Upset Traders

Henny Ray Abrams/Associated Press
Michael O’Connor of Bank of America directed trading on Friday at his post on the floor of the New York Stock Exchange.
"After a week of escalating panic in the markets, stocks soared for the second consecutive day on Friday, and many investors rejoiced. But below the surface, a new sense of turmoil set in. When Washington changed the rules of Wall Street, winners were turned into losers and losers were turned into winners, and both camps were left fearful about what would come next." By VIKAS BAJAJ, ANDREW ROSS SORKIN and MICHAEL J. de la MERCED, NY Times

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