//
Speculation abounds that the premier plans to inject $300 billion (£187 billion) into the economy in an effort to promote growth and create more jobs in the country.
The S&P 500 rose 2.9 per cent to 1,198.62 at 16:00 local time in New York yesterday, while the Dow Jones Industrial Average also exhibited signs of improvement, rising 2.5 per cent.
Ray Humphrey, senior vice-president and senior portfolio manager at Hartford Investment Management, told Reuters: "To get the markets excited, a fiscal package would have to include some tax cuts and some infrastructure spending."
Among the firms on the S&P 500 to make significant gains yesterday (September 7th) were ProShares UltraPro and Direxion Daily Technology Bull 3X, which rose 8.39 per cent and 8.09 per cent respectively.
Posted by Greg Secker
