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News

 Stocks jump after steep sell-off; Key rate rises (AP via Yahoo! News)
Stocks staged a partial rebound early Tuesday after their biggest sell-off in years, though financial markets remained troubled a day after lawmakers rejected a $700 billion rescue plan for the financial sector. A key rate that banks charge to lend to one another shot higher, a tightening of the availability of credit that could spill through the economy.
 Stocks stage partial rebound as credit availability tightens (Asbury Park Press)
Stocks staged a partial rebound early today after their biggest sell-off in years, though financial markets remained troubled a day after lawmakers rejected a $700 billion rescue plan for the financial sector. A key rate that banks charge to lend to one another shot higher, a tightening of the availability of credit that could spill through the economy.
 With banks in miser mode, credit markets stay taut (AP via Yahoo! News)
Stocks are rebounding and a new bailout package could be coming soon, but the credit markets — where day-to-day borrowing occurs to keep the gears of the economy turning — are still stuck.
 Stocks jump after steep sell-off; key rate rises (AP via Yahoo! News)
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.

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