NEW YORK (Reuters) – Stocks rose on Wednesday after the U.S. Federal Reserve pledged to keep interest rates near zero and stock futures signaled more gains ahead after President Barack Obama struck a conciliatory tone on banks in his State of the Union speech.
Stock index futures shot up in late after-hours trading as Obama pushed job creation to the top of his agenda to bring down high unemployment, proposing the use of $30 billion of bank bailout repayments to boost lending to small businesses.
In my opinion he articulated the crowning achievement of his administration so far, which is the stabilization of our banking system. I think he articulated that very well and why that's important and that this country's banking system is no longer on the brink," said Haag Sherman, co-founder and chief investment officer of Salient Partners, an investment firm in Houston.
Asked by Anonymous at 11:57 PM on Jan. 27, 2010 in Politics & Current Events
Answer by Anonymous at 11:57 PM on Jan. 27, 2010
Answer by Glickstein at 12:50 AM on Jan. 28, 2010
Answer by gdiamante at 1:14 AM on Jan. 28, 2010
Answer by Anonymous at 2:30 AM on Jan. 28, 2010
Baracks an idiot and HE AINT MY PRESIDENT!
If you live in America, he is your President ...Democratically elected by the People
Answer by sweet-a-kins at 7:19 AM on Jan. 28, 2010
Answer by Anonymous at 8:20 AM on Jan. 28, 2010
Because wall street is a moron. All they heard was clap, clap, clap, money for the banks...... What we heard is clap, clap, flush. I cannot believe he is giving yet more money to the banks to supposedly loan to small businesses. It is going to be just like the first time they did this. No one is going to get a loan, the banks are just going to blow it on trips or pay raises or bonuses.
Answer by Ibelongtojesus at 8:29 AM on Jan. 28, 2010
Answer by foreverb3 at 8:30 AM on Jan. 28, 2010
Answer by itsmesteph11 at 9:02 AM on Jan. 28, 2010
Answer by Jenna66 at 9:03 AM on Jan. 28, 2010