US markets ended flat as the much-anticipated bank-rescue plan was delayed for another day. Financials gain amid hopes the bailout will save the stocks.
The 838 billion dollar stimulus plan passed the key test vote in senate by 61-36 despite strong republican opposition.
Sources say that the plan to create a government-backed "bad bank" has been scrapped but the stimulus will still contain a provision for private firms to buy up toxic assets in hopes of making a profit when they rise
Dow Jones industrial average was down 9.72 points, or 0.12%, to 8,270.87. The S&P 500 index rose 1.29 points, or 0.15%, to 869.89, and the Nasdaq composite index slipped 0.15 points, or 0.01%, to 1,591.56.
Tuesday, February 10, 2009
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