Investors wait for details on bailout, stimulus plans
Associated Press
NEW YORK — Investors are waiting for Washington to make the next move.
Stocks ended a quiet session with only modest changes yesterday as Wall Street sought details of how the government will reshape a rescue plan for the financial industry. Investors are also watching as political leaders scramble to put together an economic stimulus program.
The market is awaiting a speech today by Treasury Secretary Timothy Geithner outlining President Obama's plan to overhaul the government's $700 billion financial bailout package. Geithner was scheduled to announce the plan yesterday, but the White House pushed back the speech to focus on the stimulus bill.