SmarTrend Market Close Wrap-Up — September 7, 2011
The major US equity indices closed higher Wednesday following a Bloomberg report that President Barack Obama will propose a $300 billion package to boost jobs. According to the report, Obama plans to propose bolstering employment by investing over $300 billion into the economy next year, through tax cuts, infrastructure spending and aid to state and local governments. Proposals are expected to be outlined to a joint session of Congress on Thursday. In corporate news, Yahoo’s (NASDAQ:YHOO) board voted to fire Carol Bartz after internal growth projections for Q3 and Q4 came in below expectations. The board plans to explore strategic options and will begin a search to fill the position.