Sep 9, 2011 Comments Off on Stocks Tumble Worldwide After Obama Speech Pat Dollard
Stocks fell for a second day and German two-year yields declined to a record after President Barack Obama detailed his $447 billion plan to boost hiring.
Obama called on Congress to pass his package after jobs growth stalled last month, fueling concern the U.S. recovery is faltering.
(Reuters) – Stock index futures fell on Friday as a jobs proposal by President Barack Obama did little to reassure investors concerned about weak economic growth.
Obama’s U.S. jobs package, revealed in an address to Congress on Thursday evening, was met with skepticism, with investors waiting to see if Republicans would back the plan.