//
Analysts have said investors remain nervous about the US government's plans to remove billions of dollar in bad mortgage debts and shore up the financial system, reports the International Herald Tribune.
Ryan Larson, head equity trader at Voyageur Asset Management, said the Obama administration needed tO provide more information about its economic stimulus package.
He commented: "Without any further concrete details, the market is really left to wonder. And in this environment, they wonder about the worst-case scenario."
It has also been reported that the idea of nationalising some banks has been gaining ground with some in the Republican party, including defeated presidential candidate John McCain.
The idea has long been considered the folly of European economies, reports the Financial Times.
Alan Greenspan, the former chairman of the Federal Reserve, is among those who support the move.
