Stocks cheer steep Fed cut, but lose altitude
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Asian shares rallied on Wednesday after the Federal Reserve's biggest interest rate cut in over two decades, but nagging fears of a U.S. recession prompted many indexes to give up much of their early gains.
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Stocks rose on Monday as  investors bet that the Federal Reserve would keep slashing interest rates to prevent the housing slump from tipping the economy into a recession.
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NEW YORK - Strong earnings from financial services companies and upbeat economic data pushed stocks higher Tuesday, but many investors clung to the sidelines ahead of the Federal Reserve's decision on interest rates, expected later in the session.    Investors may be seeing some buying opportunities after Monday, when gloomy outlooks from the consumer staples group weighed heavily on the market; a strong reading on new housing construction provided additional incentive...
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Positive earnings and hopes for another Fed rate cut give stocks a boost.
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Some stocks to consider in the wake of the Fed cut.
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NEW YORK, Sept. 18 -- 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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LONDON -- 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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Asian shares rallied on Wednesday after the Federal Reserve's biggest interest rate cut in over two decades, but nagging fears of a U.S. recession prompted many indexes to give up some of their early gains.
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The United States Federal Reserveâs surprise rate cut stemmed losses on the Asian stock markets but heightened fears of a painful recession.
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NEW YORK - Stocks dashed higher Tuesday as investors welcomed strong earnings from financial services companies, upbeat economic data and some reassuring news from the Federal Reserve.    The Fed's decision to raise short-term interest rates by another quarter-percentage point to 1.75 percent did not come as a surprise to the market...
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Global stock markets surged after the Federal Reserve moved aggressively to head off the risk of a sharp slowdown in the US economy on Tuesday, cutting interest rates by 50 basis points to 4.75 per cent.
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The Dow closed up more than 300 points for the first time in nearly five years as stocks soared after the Fed's rate cut.
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A big rate cut by the Federal Reserve and the stock market's huge rally in response to that move has many on Wall Street wondering: Now what?
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Stocks advanced on Tuesday as upbeat outlooks from technology companies boosted the sector and financial shares climbed on expectations the Federal Reserve will cut interest rates next week.
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Stocks extended last week's gain on Monday as investors bet the Federal Reserve will cut interest rates this week out of concern the economy was slowing.
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Stocks rallied on Monday as investors snapped up shares of manufacturers and downtrodden banks after more weak housing data bolstered expectations the Federal Reserve will slash rates later this week.
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Wall Street fell sharply in early trading, then regained ground, turning higher in late morning as investors sorted through bad economic news and the Fedâs latest rate cut.