Market Jumps 4% - Obama's Fault?
BREAKING NEWS!
NEW YORK (CNNMoney.com) -- Stocks rallied Tuesday morning after Citigroup said it was profitable in the first two months of the year, tempering comments from Federal Reserve Chairman Ben Bernanke about the need for an overhaul of the financial system.
The Dow Jones industrial average (INDU) gained 260 points, or 4%, around two hours into the session. The Dow ended the previous session at its lowest point since April 15, 1997.
The S&P 500 (SPX) index gained 30 points, or 4.6%, after ending the previous session at the lowest point since Sept. 12, 1996.
The Nasdaq composite (COMP) climbed 64 points or 5%, after ending the previous session at its lowest point since Oct. 9, 2002.
Gee whiz, I wonder if Pres. Obama will get credit for this market jump? He's been blamed for the downswings for the past 2 months, will he get credit for this 'good' day in the market? I doubt it.
Shhh, the market's not closed yet. Don't jinx it.
March 10, 2009 2:11 PM | Reply | Permalink
I know -- I'm waiting for the media to tell us something else that's BAD....just to help knock it back down.
March 10, 2009 2:59 PM | Reply | Permalink
What are they trying to do, prevent another bailout?!?
March 10, 2009 3:07 PM | Reply | Permalink
Whew, you better change your headline. Markets closed, up 5.8%. That's a relief for once. It seems like its been forever.
March 10, 2009 4:09 PM | Reply | Permalink
I will give him credit that the markets are down big since he took office, including today's little blip back up
March 10, 2009 7:52 PM | Reply | Permalink