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Dow up 494 as Obama prepares to name Treasury boss

Published November 22, 2008, 4:55 am, Austin American-Statesman

Wall Street put a stop to a terrifying decline and stormed higher Friday as President-elect Barack Obama appeared ready to tap the chief of the New York Federal Reserve as the next Treasury secretary and hand him the task of righting the U.S. financial system.

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Obama picks Treasury leader - Hattiesburg American
WASHINGTON - President-elect Barack Obama intends to name Timothy Geithner, president of the New York Federal Reserve, as his treasury secretary to confront the nation's intense economic turmoil, senior Democratic officials said Friday. The stock ...

Dow up 494 as Obama prepares to name treasury boss - Associated Press
NEW YORK (AP) -- Wall Street put a stop to a terrifying decline and stormed higher Friday as President-elect Barack Obama appeared ready to tap the chief of the New York Federal Reserve as the next treasury secretary and hand him the herculean task ...

Dow ends up nearly 500 on Geithner treasury report - Times Union
NEW YORK -- Wall Street staged a comeback Friday, with the major indexes jumping more than 5 percent and the Dow Jones industrials surging nearly 500 points. The late afternoon rally ended another volatile week that saw stocks reach six-year lows ...

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