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The Honolulu Advertiser
Posted on: Tuesday, February 10, 2009

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.