Stocks manage moderate gain after erratic session: weak demand for toxic assets

The Geithner plan is now on the market….and the demand for “toxic assets” was weak on day one…

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Wall Street has managed a moderate gain after an attack of nerves had investors giving back a big early advance and then barreling back into the market right before the close.

Tim Paradis, AP Business Writer

Trading was extremely erratic — the Dow Jones industrials rose as much as 203 points in early trading in response to upbeat economic data, then fell nearly 110 during the afternoon before closing up 90. Analysts said weak demand during an auction of government debt stirred up worries about how easily Washington will be able to raise money to fund its economic rescue program. The fear in the market is that the government might not be able to easily raise the hundreds of billions of dollars it needs.

The day shows how fragile Wall Street remains despite a two-week rally that saw the Dow regain more than 1,000 points. The market was pulled in different by opposing forces Wednesday that led to choppy trading — which may well be the pattern for stocks going forward.

Read the rest:
http://finance.yahoo.com/news/St
ocks-manage-moderate-gain-apf-1
4746401.html

Related:
 Obama, Economy: So Much Uncertainty Spins Off More…. Uncertainty

Michelle Malkin:
http://michellemalkin.com/2009/0
3/25/wonderboy-strikes-again/

http://americanheartland.wordpress.c
om/2009/03/25/325-voices-from-t
he-heartland-a-business-perspective/

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