Stocks jump on report of Geithner nomination - Yahoo! News
NEW YORK – President-elect Barack Obama plans to name New York Federal Reserve President Timothy Geithner as Treasury secretary. The major indexes have jumped more than 5 percent, with the surging nearly 500 points.is ending a volatile week with an unexpected jolt of confidence following reports that
Stocks have erased about half of the losses that came in steep selling Wednesday and Thursday.
Wall Street appears buoyed by reports that Obama plans to name his economic team on Monday — offering investors some hope of a smooth transition in an uncertain market.
The Dow is ending up 494, or 6.5 percent, at the 8,047 level.
Now, go back and count a) the number of facts, and b) the number of entirely unsubstantiated conjectures. Which is greater? Which of the two, facts or conjectures, are likely to be seen as the "point" or "theme" of the story?