Source - http://www.bloomberg.com/apps/news?pid=20601087&sid=aee97F4m7GEE&refer=home
Sept. 30 (Bloomberg) -- U.S. stock futures rose, signaling the Standard & Poor's 500 Index may rebound from yesterday's 8.8 percent plunge, after lawmakers said they intend to salvage a $700 billion bank-rescue package.
JPMorgan Chase & Co. jumped 9.2 percent and Citigroup Inc. added 5 percent in European trading as Judd Gregg, the Senate Banking Committee's ranking Republican, and Barack Obama, the Democratic presidential candidate, said a deal would eventually pass. Christopher Dodd, chairman of the banking committee, said senators may deal with the bill tomorrow.
``The U.S. knows the gravity of the situation and a plan will be reached to save their financial institutions,'' said Masahiko Ejiri, who helps manage about $30 billion at Mizuho Asset Management Co. in Tokyo. ``I am relatively comfortable in investing in some of the winners of the U.S. financial turmoil like JPMorgan.''
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