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Wall St rallies on infrastructure plan; FedEx falls (Reuters)
Stocks rallied to their highest level in a month on Monday on optimism President-elect Barack Obama's proposed infrastructure spending could limit the depth of the year-old recession and on hopes for a government bailout of the three U.S. automakers.
yahoo.com

Optimism Wins the Day as Investors Anticipate Stimulus, Auto Bailout - Washington Post
Wall Street surged yesterday, boosted by plans for an economic stimulus and progress in Congress on a bailout of the auto industry. The Dow Jones industrial average climbed 3.46 percent, or 298.76 to 8934.18, briefly trading above 9,000 for the first ...
Feed Digest

Wall St jumps amid global rally
US shares surged overnight after rallies in global markets fuelled by hopes of new stimulus moves to fight recession and a US auto industry rescue.
The Courier Mail

Wall Street surges on confidence in stimulus plan
Investors also grew more confident that the government was near a deal to dole out billions to America’s three biggest automakers. The White House said today that it was 'very likely' to strike an agreement with Congress on funneling money to General Motors Corp., Chrysler LLC and Ford Motor Co. The package is expected to total about $15 billion.
HoustonChronicle.com

Wall St rallies on Obama infrastructure plans
Hard-hit industrial and commodity stocks were among the most prized in a bullish session on Wall Street that lifted the market to its highest level in nearly a month
Financial Times

Wall Street extends big rally to 2nd session
NEW YORK (AP) -- The stock market showed renewed confidence Monday, extending its rally and lifting the Dow Jones industrials to their highest level in a month following President-elect Barack Obama's promise to increase infrastructure spending to lift the economy....
CBC.ca

Texas Instruments and 3 others cut chip sales targets
NEW YORK/SAN FRANCISCO (Reuters) - Chip maker Texas Instruments Inc and smaller rival National Semiconductor Corp have slashed current-quarter revenue forecasts to far below Wall Street expectations, as demand for cell phone and analog chips came to a virtual standstill.
Reuters

Sector Snap: Insurers mixed after MetLife guidance (AP)
Shares of insurers were mixed Monday, after MetLife Inc. said its fourth-quarter and 2009 operating results will come in below Wall Street's expectations.
yahoo.com

Wall St rallies on infrastructure plan; FedEx falls
NEW YORK (Reuters) - Stocks rallied to their highest level in a month on Monday on optimism President-elect Barack Obama's proposed infrastructure spending could limit the depth of the year-old recession and on hopes for a government bailout of the three U.S. automakers.
Reuters

Oil jumps 7 pct as Saudi Arabia deepens cuts
NEW YORK (Reuters) - Oil rose 7 percent on Monday as a rebound in global equity markets and signs of deepening cuts from top world supplier Saudi Arabia helped the market break a six-session losing st...
Big News Network

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Archived "business - wall st" news stories.

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