US stock futures point to partial rebound
NEW YORK (AP) - The futures market suggests stocks look headed for a partial rebound after logging their steepest losses in years
yesterday. The turnaround isn't completely unexpected -- carnage on Wall Street often attracts bargain hunters. Yet, questions remain about how Wall Street will move ahead without a bailout plan, though caution will likely best describe the pace. It's likely investors will continue to cast one eye toward Capitol Hill, hoping lawmakers resurrect the government's bailout effort and absorb soured mortgages weighing down the balance sheets of banks. Concerns over those bad debts is making credit tighter and more expensive for businesses and consumers. (Copyright 2008 by The Associated Press. All Rights Reserved.) |
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