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US stocks rallied on news of Timothy Geithner Nomination for Treasury secretary
- Filed under: World Market
- Date: Nov 22,2008
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Us stock really saw a bull run yesterday which would have been a dull and red day , at 3.00 pm or so tio was literally up 0 points and from that moment on it went up almost 500 poits to close at 8046 points which is above 8000 points up by almost 494 points , all because of a single reason that US President-elect Barack Obama has decided to nominate New York Federal Bank President Timothy Geithner as his new Treasury secretary.I dont understand if he was good then the policy he would have already have in FED Bank should have helped in soem way to fix the economy , anyway may be i dont have full insight of it , we will see how it goes after he comes in .
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Market Movers
>Earnings data
>Speculation about Citigroup sellign part or all of its subsidiary
>Geitner nominated for Treasury Secretary
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