Stocks finish down sharply on sketchy plan
msnbc ^ | 2/10/2009 | ap
Investors are frustrated with the government’s latest bank bailout plan — and showing it by unloading stocks.
The major stock indexes fell more than 4 percent Tuesday, including the Dow Jones industrial average, which tumbled 382 points. Financial stocks led the market lower, a sign of how concerned Wall Street is about the government’s ability to restore the health of the banking industry.
Traders and investors said the lack of specifics from Treasury Secretary Timothy Geithner on how the government will direct more than $1 trillion in public and private support was troubling.
(Excerpt) Read more at msnbc.msn.com ...
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msnbc ^ | 2/10/2009 | ap
Investors are frustrated with the government’s latest bank bailout plan — and showing it by unloading stocks.
The major stock indexes fell more than 4 percent Tuesday, including the Dow Jones industrial average, which tumbled 382 points. Financial stocks led the market lower, a sign of how concerned Wall Street is about the government’s ability to restore the health of the banking industry.
Traders and investors said the lack of specifics from Treasury Secretary Timothy Geithner on how the government will direct more than $1 trillion in public and private support was troubling.
(Excerpt) Read more at msnbc.msn.com ...
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