AP – Alarmed by setbacks, supporters of the imperiled multibillion-dollar economic rescue fought to bring it back to life Tuesday, courting reluctant lawmakers with sweeteners including a plan to reassure Americans their bank deposits are safe.
AP – Volatile world stock markets showed mixed reactions Tuesday to U.S. lawmakers’ rejection of a $700 billion economic rescue plan, with global investors turning from sellers to buyers as the day progressed.
AP – Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. But the seized-up credit markets where businesses turn to raise money showed no sign of relief.
AP – Investors looking at their 401(k) statements for the quarter that ended Tuesday may be tempted to bail out of stocks entirely.
AFP – A powerful Wall Street rally Tuesday helped lift global markets a day after a near-meltdown as investor hopes grew on the prospects for a new US financial rescue package to ease the crisis.
