http://news.yahoo.com/s/nm/20090206/bs_nm/us_markets_stocks_65NEW YORK (Reuters) – Stocks rallied for a second day on Friday on hopes Washington's stimulus package and a bank rescue plan will bolster the ailing economy, even as data showed the biggest one-month job losses in 34 years.
A nearly 12 percent surge in bank shares (.BKX) led Wall Street higher. Investors anticipate the plan scheduled to be announced on Monday by Treasury Secretary Timothy Geithner will shore up banks' balance sheets and spur lending.
Bank of America (BAC.N) soared more than 25 percent the day
after falling to its lowest level since 1984 on investor fears it would have to be nationalized -- a fear that the company's chief executive on Friday said was unfounded....CLICK ON THE LINK TO READ MORE, IF YOU CAN STOMACH HARRY REID....
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