Stock Market Gyrations Don’t Tell Extent of Problems (CQPolitics.com)

CQPolitics.com - Monday's stunning drop in the major stock indexes could bolster the case for moving the financial bailout package. But on Tuesday, stocks recovered some of their losses, as bargain hunters looked for good deals.

Consumers in gloomy mood on cusp of holiday season (AP)

A shopper at a clothing shop in Miami, FL. Battered US consumer confidence edged higher in September for the third consecutive month, led by hopes for better economic times in the coming months, the Conference Board reported Tuesday.(AFP/Getty Images/File/Joe Raedle)AP - With the holiday shopping season about to start, consumer confidence is hovering near the lowest it's been since President Bush's father was commander in chief. It may dip further as Americans open their 401(k) statements and see how much they've lost in the last few weeks.


Nasdaq to cancel some late trades in Google shares (Reuters)

A Google sign is seen at its headquarters in Mountain View, California, May 22, 2008. (Robert Galbraith/Reuters)Reuters - The Nasdaq Stock Market said it will cancel some of the late trades in Google Inc , whose shares appeared to plunge as low as 1 cent at the close of North American markets on Tuesday.


Toronto stocks soar as U.S. bailout hopes revive (Reuters)

Reuters - The Toronto Stock Exchange's main index jumped more than 4 percent on Tuesday, recouping more than half the previous day's heavy losses, as energy issues got a boost from crude oil's recovery, while hopes for a revived Wall Street rescue plan calmed investor nerves.

Bush pushes revived bailout (Reuters)

President George W. Bush makes a statement about the economic rescue plan at the White House in Washington September 30, 2008. Bush said on Tuesday the U.S. economy was depending on decisive action from the government on a financial bailout plan or the economic damage could be 'painful and lasting'. (Kevin Lamarque/Reuters)Reuters - U.S. lawmakers and President George W. Bush eased pressure on financial markets on Tuesday by starting work to revive a $700 billion bailout plan to stem a credit crisis that has spread beyond Wall Street to claim more European banks.




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