World Markets, Futures Up in Anticipation of Geithner Plan
The White House has so far gotten what it has wanted: A worldwide markets surge before the long-anticipated bank rescue plan of Treasury Secretary Tim Geithner scheduled for rollout this morning.
You can read the details of the plan here.
Markets were up across Europe and in Asia, as they applauded Geithner's plan to take nearly $1 trillion in toxic assets off the books of U.S. banks.
The U.S. futures markets -- an indicator of how the markets will trade once they open -- were up vigorously this morning.
Dow futures are up about 150 points so far, or more than 2 percent.
S&P 500 and Nasdaq futures are both up vigorously, as well.
March 23, 2009; 8:53 AM ET
Categories: The Ticker | Tags: Tim Geithner, bailout, toxic assets
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