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Discussion in 'Political Discussion' started by Harry Boy, Mar 23, 2009.

  1. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    If Our Beautiful Prince Barry has anything to do with this I will take my "Obama Sucks" sign off my lawn.

    AP
    Stocks jump on bank plan, rise in home sales
    Monday March 23, 11:43 am ET
    By Tim Paradis, AP Business Writer
    Stocks extend rally on gov't plan to soak up bad bank assets; home sales show surprise gain


    NEW YORK (AP) -- Wall Street is getting the good news it wants on the economy's biggest problems: banks and housing.
    Investors have reignited a two-week rally Monday after hearing the government's plan to help banks remove as much as $1 trillion in bad assets from their books. Home sales also showed a surprise increase.

    The Treasury Department says its plan will rely on a mix of government and private money. The rise in home sales comes as prices fall. Traders are eager for any sign that a glut of available homes is easing.

    In midday trading, the Dow Jones industrial average is up 281 points at 7,559. The Standard & Poor's 500 index is up 30 at 799, while the Nasdaq composite index is up 53 at 1,510.
    Stocks jump on bank plan, rise in home sales: Financial News - Yahoo! Finance
     

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