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Stocks: Best day in 14 months - CNNMoney.com -- Stocks rallied Monday after European officials approved a nearly $1 trillion rescue plan to contain the debt crisis in troubled nations and stabilize the euro.

The Dow Jones industrial average gained 405 points, or 3.9%, the average's biggest one-day point and percentage gain since March 23, 2009.

The S&P 500 index surged 49 points, or 4.4%. It was also the best day on a point and percentage basis since March 23, 2009.

The Nasdaq composite rallied 109 points, or 4.8%. It was the Nasdaq's best day on a point basis since Oct. 28, 2008, and on a percentage basis since March 23, 2009.

Treasurys fall after European rescue package - CNNMoney.com -- Treasurys fell on Monday as investors regained confidence in the global economic recovery following the announcement of a $1 trillion European rescue package.

What prices are doing: The benchmark 10-year note dropped 31/32 to 100-22/32, pushing the yield to 3.55% from 3.43% on Friday. The 30-year bond was down 2-16/32 to 103-16/32 with a 4.41% yield. The 2-year note lost 3/32 to 100-8/32 with a 0.88% yield. The 5-year note slipped to 101-3/32, yielding 2.27%. Bond prices and yields move in opposite directions.

Fannie asks for another $8.4 billion - Fannie Mae requested another $8.4 billion from the federal government on Monday, saying that it expects its losses to continue because of trends in the housing and financial markets.

The government-controlled mortgage giant said it lost $11.5 billion in the first quarter of 2010, its 12th consecutive quarterly loss. In addition, Fannie paid out $1.5 billion dividend to the Treasury, which received stock after the government took it over in September 2008.

In the year-earlier quarter, Fannie suffered a $23.2 billion loss, but an accounting change makes comparing the year-over-year losses difficult.

Fannie's request for more federal funds comes just four days after Fannie's twin Freddie Mac also asked for a handout - to the tune of $10.6 billion - after posting an $8 billion quarterly loss.

In using Fannie and Freddie to prop up the mortgage market, the government in December lifted a $200 billion limit on their bailouts, essentially giving the twin housing lenders a blank check. Before their latest requests, Fannie Mae had already received $76.2 billion from the federal government and Freddie had gotten $50.7 billion.