US shares rise sharply as Wall Street backs $1tn debt bailout
Timothy Geithner, the embattled US treasury secretary, won a burst of approval from the financial markets last night as Wall Street stocks rose sharply on a $1tn proposal for a partnership of public and private investment to rescue Wall Street’s struggling banks.
In the biggest one-day rally since late October, the Dow Jones industrial average leapt by 497 points to 7,775‚ a rise of nearly 7%, as a clutch of encouraging economic figures fuelled a sense of relief that the Obama administration is poised to act on the financial crisis.
Supposing the rise of US share will influence economical global, especially on Indonesia, I really do appreciate it. And I pray for it.