Stocks Bounce on Bailout Hope

Stocks took a modest bounce this morning, as anticipation over an auto bailout outweighed weakness in financials. The Dow rose 116 points, while the Nasdaq and S&P climbed 1% and 1.2% respectively, the Wall Street Journal reports. AIG shares were down 5% premarket after the Journal reported that the insurer needed another $10 billion to cover speculative trades, while Eastman Kodak dropped more than 6% after it pulled its fourth-quarter forecast. (Read more stock market stories.)