Last Updated: February 25th, 2009: 4:47 PM ET---After the market fell as low as 3.7% in the morning, the major US equity indices rallied into the close eroding most of their losses, driven by final disclosure of the bank rescue plan from the US Treasury. The Dow Jones Industrial Average closed off 81 points or 1.1%, to 7,270. General Motors (NYSE:GM) and Bank of America (NYSE:BAC) were once again, the industrials leaders, closing 14.9% and 9.1% higher, respectively. On the other hand, Boeing (NYSE:BA) and American Express (NYSE:AXP) were the laggards, both off more than 4%. Meanwhile, the Nasdaq dropped 16 points or 1.1%, to 1,425 and the S&P 500 dropped 8 points, 1.1%, to 765. Telecom was the only sector to close with gains, up 1% on the day while industrials turned in the worst performance, of 2.5%. According to a report from the Treasury Department, regulators are setting a six-month deadline for the largest 19 US banks to raise the needed capital for survival and these funds may either be raised through private means or by accepting taxpayer money. However, any additional government funds will come in the form of convertible preferreds. The stress tests banks are currently undergoing will last until the end of March.

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