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Early Indicators: Senate Votes… Stocks Lag
Aaron Katsman (October 1st, 2008) Writes:
-- Today, it's the turn of the Senate to vote on the bailout bill that Congress ditched spectacularly on Monday. Call it bold move, call it political stunt, Senate leaders hope the move will help the bill pick up more votes in the House.
-- Mr. Market is still on edge, however. US stock futures have slipped after yesterday's surge. "S&P 500 futures fell 11.9 points to 1,156.80 and Nasdaq 100 futures dropped 19 points to 1,585.50. Dow industrial futures fell 96 points," reports MarketWatch.
-- The FDIC isn't taking any chances. It is asking Congress to approve an increase in deposit insurance limits.
Tags for this Post:
Bank, Bank Failures, Barack Obama, Congress, contrarian profits, Dan Denning, deposit insurance limits, Fdic, few banks, individual bank deposits, Market Commentary, Nasdaq 100, oil data, Senate, Sp 500, U.S. House, United States, USD
Bank, Bank Failures, Barack Obama, Congress, contrarian profits, Dan Denning, deposit insurance limits, Fdic, few banks, individual bank deposits, Market Commentary, Nasdaq 100, oil data, Senate, Sp 500, U.S. House, United States, USD
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