Bank and housing shares led a broad rally Friday as optimism about the government's economic stimulus bill and the new version of the bank bailout plan countered unease following the brutal January jobs report.
Oil prices fell near $40 a barrel in a volatile session Friday after a dismal labor market report renewed concern about falling demand, and stifled optimism stemming from the stimulus bill being debated in Congress.
The dollar fell slightly against the euro but rose against the yen Friday, after a U.S. government report showed the economy shed more than half a million jobs for an unprecedented third month in a row.
U.S. stock futures remained in positive territory Friday, even as the government revealed that the U.S. economy lost well over half a million jobs in January.
Bank and housing shares led a broad rally Friday as optimism about the government's economic stimulus bill and the new version of the bank bailout plan countered unease following the brutal January jobs report.
Oil prices fell near $40 a barrel in a volatile session Friday after a dismal labor market report renewed concern about falling demand, and stifled optimism stemming from the stimulus bill being debated in Congress.
The dollar fell slightly against the euro but rose against the yen Friday, after a U.S. government report showed the economy shed more than half a million jobs for an unprecedented third month in a row.
Goldman Sachs wants to give back the $10 billion it received from the government last year. But it may not be that simple.
U.S. stock futures remained in positive territory Friday, even as the government revealed that the U.S. economy lost well over half a million jobs in January.
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The Obama administration is about to face its first significant financial test.
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