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Market Comments & Wrap-Ups
- 2/23/2009 7:50:28 AM
By Chip Brian, SmarTrend Analytics Team
Last updated February 23rd, 2009 6:50 AM ET---U.S. stock futures are trading higher following a report from the US government indicating that its stake in Citigroup (NYSE:C) would be increased, however, it would not fully nationalize the bank. Both shares of Citigroup (NYSE:C) and Bank of America (NYSE:BAC) rallied in overseas trading following the government report. While no economic data is due out today the following companies are due to release earnings Campbell Soup (NYSE:CPB), DTE Energy (NYSE:DTE), Hertz Global (NYSE:HTZ) and Nordstrom (NYSE:JWN). At the time of this report, S&P futures are up 9.40, Nasdaq futures are up 13.50 and Dow futures are up 80.00.
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