Stocks End Mixed after Auto Loan News
Monday, December 29th, 2008U.S. stocks finished mixed Friday following news of a $17.4 billion rescue plan from the federal government for beleaguered U.S. automakers General Motors (NYSE: GM – news)
The funding is expected to be sufficient to carry the auto makers until the Obama administration has a chance to present its own plan. The rescue plan removes a layer of uncertainty in the market, at least for the near term, though the overall economic outlook remains bleak, according to S&P MarketScope.
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