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.
Stock Futures Up WIth Citi Bailout News
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