Stock Futures Higher as New Week Begins

After one of the most volatile weeks in Wall Street history, stock futures are higher this morning. Marketwatch is optimistic, reporting that "traders grew more confident that government measures to stabilize the financial system will be successful." Credit Suisse strategists say, "The strongest reasons for believing that we are near the end of a very extreme panic is the overwhelming policy response that this unprecedented episode has now -- finally -- produced. In effect, we think that the notion that the U.S. economy is headed straight for a depression or liquidity trap has been undercut by aggressive policy measures."

Email This Entry


Post a comment (Comment Policy)

Tips

Get your daily dose of New York first thing in the morning from our weekday newsletter, now in beta.

About Gothamist

Gothamist is a website about New York. More

Editor: Jen Chung
Publisher: Jake Dobkin

Newsmap

newsmap.jpg

Contribute

Latest Tip:

So it turns out that the man that was pinned by the 5 train this weekend was high. This was off the
[more]

Latest Photo:

Subscribe

Use an RSS reader to stay up to date with the latest news and posts from Gothamist.

All Our RSS

Follow us