Stock futures point to moderately higher open
Stock futures point to higher open, investors look to recoup some of prior day's huge losses
Yahoo! Buzz Print NEW YORK (AP) -- Investors appeared ready to recover some of the previous day's huge losses, but remained skeptical of the government's ability to pull the economy out of recession. Stock futures pointed to a moderately higher open.
Some bounce back is to be expected after the major stock indexes fell more than 4 percent on Tuesday, including the Dow Jones industrial average, which tumbled 382 points. But more downbeat economic and corporate reports, combined with ongoing concerns about the stability of the financial sector, were likely to keep investors on edge.
Tuesday's sharp drop was triggered by disappointment in the government's plans to overhaul the $700 billion financial rescue package passed by Congress last fall.
Investors were discouraged by a lack of details from Treasury
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