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Senate Hearings Effect On Markets: Not Much

Modest rally here, but not on the Senate hearings.

Merrill moving up on reports in a Japanese newspaper that CEO John Thain has said he would not need to raise more capital. This has lifted financial stocks like JP Morgan and Citi, which has in turn raised the Dow.

So, if you are wondering what effect the hearings are having on the markets, the answer is, not much.


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  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

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