Video

Wall St. rebounds; banks lead

Τρίτη, 18 Μαρτίου 2008 21:30

U.S. stocks surged more than 2 percent in early Tuesday trade after better-than-expected results from Goldman Sachs and Lehman Brothers pushed credit jitters to the background.Investors were also expressing confidence in the Federal Reserve's recent actions, including its role in the $236 million rescue of Bear Stearns by JP Morgan Chase. Speaker: Hugh Johnson, chief investment officer, Johnson Illington Advisors; U.S. Treasury Secretary Henry Paulson. Conway Gittens reports from New York.


Reuters