NEW YORK – U.S. stock futures pointed to a huge rally Monday as investors rushed to lay bets on a broad economic recovery following the weekend announcement that the U.S. government plans to bail out mortgage lenders Fannie Mae and Freddie Mac. U.S. stock futures jumped more than 2 percent.

Meanwhile, bond prices fell sharply as emboldened investors looked for riskier but higher-yielding bets.

The weekend announcement that the Treasury Department was seizing control of the companies, which own or back about half the nation’s mortgage debt, in an instant brushed aside persistent worries that the companies would be felled by a spike in bad mortgage debt. ( reported by Associated Press )

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