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The stock market experienced a short rebound early Friday morning when all types of investors, from big brokers to individuals on online stock services bought into some stocks. That rebound was quickly stunted after President Bush announced his economic stimulus plan.

Stocks turned lower Friday, as a rebound sparked profit reports from IBM, General Electric, and others fizzled after news that the Bush stimulus plan will come in at 1% of GDP, which caused some initial disappointment, reports Action Economics

There was good news on consumer sentiment Friday morning, but that just wasn’t enough to stop the pervading selling mood by investors. The University of Michigan Consumer Sentiment index posted a surprising gain to 80.5 from 75.5 in December. Meanwhile, the Conference Board’s Index of December Leading Economic Indicators fell 0.2%

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