News Journal

Financial stocks are flat on market

The financial stocks in U.S. market stayed at a low level as the investors are expecting that the government to plan to nationalize some of the biggest banks of the country to stabilize the fiancé market.

The conclusion of federal meeting came with few expectations and the investors found that the growth outlook of the central bank has been lowered for the year 2009 and 2010.Fed informed that the market will stabilize only with a slow pace.