New Delhi: The US markets were a mixed bag on Tuesday, but the government's plan to pump $800 billion into the struggling US economy didn't hurt at all.
In the attempt to jumpstart lending, the government's programs are more than Congress approved in October for a bailout of the nation's banks and Wall Street firms.
The inflow did cause a surge in stocks early on, but the advance petered out and stocks plunged through the afternoon as investors opted to cash out of some of the recent technology winners.
After August, the Dow Jones industrial average gained 0.43 per cent, ending higher for the third session in a row. The last time the Dow gained for three straight sessions was in late August.
As for the Nasdaq, neither Citigroup's massive rescue package nor Obama's initiatives oculd lift stocks. Nasdaq composite lost 0.5 per cent. Despite large amounts being pumped into the economy, investors were wary that there was little tangible improvement.
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