Wall Street Rally Anticipates Senate Passage of Stimulus
The Journal Record › February 10, 2009
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Summary
Despite massive January job losses reported last week, Wall Street rose on an anticipated Senate vote on the stimulus bill making its way through Congress. As the trading session ended Friday, investors overlooked a loss of 598,000 jobs in January, and decided to look forward to a revised stimulus plan in the Senate that would include a combination of tax cuts and spending estimated to total $937 billion. The House has already passed a similar measure.
Most market-watchers agree that any stimulus would take time to work its way into the economy.See the full content of this document
Extract
Wall Street Rally Anticipates Senate Passage of Stimulus
"All focus right now is now is really on Washington," said Dan Cook, senior market analyst at IG ...
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