Here is a new word for your lexicon: Obama + Stimulus = Obamulus. In a word, that is what the market is focused upon plus key bellwether earnings reports due Thursday from JP Morgan (JPM), Intel (INTC) and Genetech (DNA). Indices turned around yesterday after Bernanke’s (“I’m all in”) LSE speech and word that Senate Majority leader Reid believes he has enough votes to get approval for the additional $350bn of the TARP. So, led by financials, the blue chip Dow finished only modestly lower with the broader indices and the NASDAQ getting their head above water.

Today’s Market Moving Stories