The big news in the stock market this week came after the close Friday with reports that the government was planning to bail out troubled mortgage companies Fannie Mae and Freddie Mac.
The Treasury Department is expected to announce its rescue plan for the two government-sponsored enterprises on Sunday.
The market had another bad week last week, but finished mixed on Friday despite a weak jobs report that sent the unemployment rate over 6%.
Dow Jones Industrial Average
was down 2.8% last week. The
fell 4.7%, and the
was down 3.2%.
So will this Fannie-Freddie bailout provide stocks with some relief? Please vote in our poll below.
This article was written by a staff member of TheStreet.com.