Market climbs on rate cut hopes
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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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U.S. stocks edged higher on Tuesday as growing optimism that the Federal Reserve will soon cut interest rates again overshadowed warnings from two retailers.
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Stocks gained on Tuesday, as improving outlooks from technology companies boosted the sector while soothing concern about economic growth and financial shares climbed on expectations the Federal Reserve will cut interest rates next week.
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European equity markets rallied this week after the Federal Reserve cut interest rates, helping ease tightness across money markets and raising hopes for a broader shift in monetary policy.
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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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Stocks rose on Monday as investors snapped up shares of financial companies and big manufacturers on hopes that the Federal Reserve would keep slashing interest rates to forestall an economic downturn.
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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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U.S. stocks mostly edged higher on Tuesday after growing optimism the Federal Reserve will soon make another cut in interest rates offset warnings from two leading retailers and weak economic data.
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Stock futures pointed to a higher opening on Wall Street on Wednesday, as shares continue to rally following the Federal Reserve's aggressive interest rate cut that eased fears over the outlook for the economy.
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Wall Street stocks rallied on Tuesday, led by a surge in the technology sector, as investors returned from the Labor Day long weekend confident that the Federal Reserve would cut rates this month.
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Stocks closed higher on Tuesday as expectations of another Federal Reserve interest rate cut to shore up the economy fueled a further recovery in shares of banks, insurers and home builders.
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Stocks opened higher after G.M. reached a tentative agreement with the U.A.W. and as another lackluster economic report stirred hopes the Fed will cut interest rates again.
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The FTSE 100 leading share index accelerated gains Tuesday after the Federal Reserve slashed US interest rates to tackle turmoil across markets, jumping 1.69 percent to 5,672.40 points.
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The euro rose as high as $1.3889 in afternoon European trading today amid speculation that the Fed will soon cut interest rates by as much as half a percentage point.
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A jubilant Wall Street barreled higher Tuesday after the Federal Reserve cut its benchmark interest rate by a larger-than-expected half percentage point
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Wall Street stocks rallied on Monday, after overcoming an initial wobble, as hopes for more aggressive interest rate cuts spurred gains in financial companies ahead of the Federal Reserve's policy meeting on Tuesday.
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U.S. stocks were up today after Asian and European markets rose sharply in the wake of the Federal Reserveâs interest rate cut on Tuesday.