Stocks Jump on Report of Geithner Nomination
Wednesday, November 26th, 2008
From the Associated Press:
Wall Street got a boost of confidence late Friday following a report that President-elect Barack Obama plans to name New York Federal Reserve President Timothy Geithner as Treasury secretary. Stocks surged, with the Dow Jones industrial average jumping 325 points.
It wasn't immediately clear whether the market's advance following the report by NBC News was because it was in favor of Geithner as the Treasury nominee **Continue reading** | 1 Comment