Wednesday, March 11, 2009

Market Notes - March 10, 2009

U.S. stock futures pointed to a higher start for Wall Street with some good news coming from the financial sector. The positive tone is attributed to claims from Citigroup’s CEO indicated that it was profitable in the first two months of the year and that they are confident about its capital strength.

Separately, there are no major economic releases today, but Fed Chairman Bernanke is speaking about financial reform.  The Fed chairman said the U.S. and other financial regulators must impose strict rules to help detect and prevent another financial crisis like this one.