Before the bell: Stocks to rebound, but investors remain cautious
U.S. stocks were set to bounce back Wednesday morning according to early futures indicators following a sharp sell-off Tuesday. Not much has changed, however, as investors remained concerned with Geithner's plan to help the U.S. banking system, or rather the lack of details. Investors also feel there isn't much change from the previous plan.
Meanwhile, negotiations intensified Wednesday regarding President Barack Obama's economic stimulus package after it was reported that negotiators were making good progress in the first rounds of closed-door talks. The $838 billion economic stimulus bill was approved Tuesday by the Senate.