Next week could see some bargain-hunting in stocks as traders look for opportunities within sectors that have been hammered, or those that have potential upside from the government's rescue plan.
The financial bailout plan was approved Friday, allowing the government to buy up to $700 billion worth of the illiquid assets that have been clogging up banks' balance sheets and operations. Its passage should ease constraints in the nearly frozen credit markets, and may even boost confidence across the board.
In theory, banks will be able to do business with one another again and should be more willing to lend to consumers and businesses. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,441.12 | 1,109.18 | 2,206.91 | 35.96 |
Oil *
73.55
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DOWN
10.88
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UP
1.25
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UP
5.86
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DOWN
0.07
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10 Yr
3.60%
SPDR Gold
111.59
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-0.10%
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+0.11%
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+0.27%
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-0.19%
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