Wall Street is showing signs of recovery today as investors gain confidence Congress will pass the bank bail-out bill later this week.
The Dow Jones is fighting back from yesterday’s 777.68 point loss, jumping 269.37, or 2.6%, to 10634.82 so far. Financials fill the top four positions – with AIG 21.6% ahead, JPMorgan Chase up 9.54%, Citigroup 8.45% higher and Bank of America advancing 8.1%. The tech-heavy Nasdaq is 2.31% ahead to 2029.58, while the broad S&P 500 has leapt 3.16% to 1141.32. US President George Bush earlier today assured the world the legislative process has not ended. "It matters little what path a bill takes to become law. What matters is that we get a law,” the President says. “We're at a critical mo...
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