Orale! Stock Market soars after Obama names first Hispanic to his cabinet
The DJIA jumped 6.5%, to 8,046, today, followed by a 6.3% increase in the S&P 500 and a 5.2% increase for the Nasdaq. Virtually the entire gain came after news that President-Elect Obama on Monday will name NY Fed Governor Timothy Geithner his Treasury Secretary and New Mexico Governor Bill Richardson his Commerce Secretary.
(Richardson was born in the US but grew up mostly in Mexico)