Daily news and opinion from le Chat Marchet
September 8th, 2008 at 8:47 am

US stock futures surge on plan for mortgage giants (AP)

Posted in: le Chat Marchet

Glenn Carell of Bear Wagner Specialists works on the floor of the New York Stock Exchange, Friday, Sept. 5, 2008 in New York. Selling swept across Wall Street for a second straight session on news that the economy shed jobs for the eighth straight month in August and at a faster-than-expected pace. (AP Photo/Henny Ray Abrams)AP - U.S. stock futures pointed to a huge rally Monday as investors rushed to lay bets on a broad economic recovery following the weekend announcement that the U.S. government plans to bail out mortgage lenders Fannie Mae and Freddie Mac. U.S. stock futures jumped more than 2 percent.


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