Stocks rise on bailout hopes; credit remains tight (AP)

Posted by admin on September 25, 2008 under News | Be the First to Comment

Stocks rise on bailout hopes; credit remains tight (AP)

Signs left from a protest are seen outside the New York Stock Exchange, September 25, 2008. Several hundred protesters yelled their enthusiastic support as union leaders decried a proposed $700 billion plan aimed at reinvigorating the credit markets by relieving financial institutions of distressed debt. REUTERS/Brendan McDermid (UNITED STATES)AP – Financial markets grew more upbeat Thursday as political leaders said they struck an agreement in principle on a massive spending plan to revive the crippled financial system. The Dow Jones industrial average jumped about 200 points on optimism about the bailout, and demand for safe-haven assets remained high but eased slightly as some investors placed bets that a deal would help unclog credit markets.


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