Wall St rebounds on rate cut hopes
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Wall Street stocks rose on Monday, after overcoming an initial wobble, as hopes for more aggressive interest rate cuts spurred a rally in financial companies ahead of the Federal Reserve's policy meeting on Tuesday.
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The Dow and the S&P 500 rose on Tuesday as investors bet the Federal Reserve will again cut interest rates to shore up the economy, but worries about technology profits and outlooks limited a broader advance, keeping Nasdaq trade flat.
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Global stock markets saw some relief from the mayhem of the past few days as the US Federal Reserve's surprise rate cut helped stem the massive losses seen around the world.
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Wall Street moved mostly higher as investors remained upbeat after the Federal Reserveâs interest rate cut last week.
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Wall Street rallied for a second day yesterday after easing wage pressures and stronger-than-expected activity in the service sector raised prospects that the Federal Reserve might have room to lower interest rates next year.
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Stocks rose for a second day on Wednesday as investors bet the Federal Reserve's bold rate cut would help prevent the economy from slowing further and boost profits.
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The US Federal Reserve gave Wall Street an impressive boost on Tuesday as stock markets rejoiced in a surprise decision to cut interest rates by 50 basis points.
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U.S. stocks rose on Friday after bond yields retreated from a sharp rise to 5.25 percent, easing concerns about the impact of rising interest rates on stocks.
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Stocks rallied Tuesday after the Federal Reserve cut by a half-percentage point a key short-term rate which impacts how much interest consumers pay on debts. The Fed's move reassured investors that it was taking aggressive action amid the credit and mortgage market meltdown.
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The Dow Jones industrials rose while the S&P 500 and Nasdaq traded off its lows on Thursday after comments by Federal Reserve Chairman Ben Bernanke raised expectations that Fed policy-makers will make further interest rate cuts.
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Asian and European stock markets rallied Wednesday in the wake of Wall Street's overnight surge spurred by the U.S. Federal Reserve's larger-than-expected interest rate cut.
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Stocks rose sharply on Tuesday on expectations the Federal Reserve will cut interest rates next week and on upbeat outlooks from technology companies.
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Stocks rallied on Tuesday, bolstered by confidence the Federal Reserve will cut interest rates next week, another round of upbeat outlooks from technology companies, and solid sales from McDonald's Corp .
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European and Asian stock markets rallied Wednesday in the wake of Wall Street's surge spurred by the U.S. Federal Reserve's larger-than-expected interest rate cut.
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Stocks rebounded on Monday from last week's losses after IBM reported higher-than-expected preliminary financial results, lifting the technology sector.
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European equity markets rallied on Thursday after Wall Street bounced strongly following comments from Ben Bernanke, Federal Reserve chief, that raised hopes of US rate cut.
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Stocks rebounded on Friday as bond yields retreated from their highs and oil prices fell, easing concerns about rising borrowing costs and inflation.