Stock Futures Up WIth Citi Bailout News
News that the federal government will help bail out Citigroupseems to be reassuring investors as futures are up before today's trading. CNBC reports that Citi's shares "jumped over 30% in pre-market trading" (last week it lost 60% of its value) while other bank stocks, like JPMorgan Chase and Goldman Sachs are also up. Also a source of some positive sentiment: News about President-elect Obama's economic team--Timothy Geithner for Treasury Secretary and Lawrence Summers for the National Economic Council-- and economic stimulus plan.
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