Wall St set for rebound on Fed rate hopes
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Stocks headed for a bounce at the open on Monday as investors snapped up beaten-down shares on hopes that recent economic weakness will prompt the Federal Reserve to slash interest rates to avert a recession.
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Stock futures soared on Wednesday, suggesting Wall Street was poised to rebound from its worst slide since 2001 as investors looked for opportunities to snap up attractively priced stocks.
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Stocks rose on Tuesday as expectations the Federal Reserve will slash interest rates for the second time in a week boosted banks, insurers and home builders.
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Wall Street was set to open slightly firmer on Thursday, recovering some lost ground after Wednesday's sell-off, but lofty crude prices and worry about profit warnings will cap investor enthusiasm.
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Wall Street stocks were set to hover close to multi-year highs at the start of Friday trade, as investors tread cautiously ahead of key employment data which they hope will provide clues on the direction of interest rates.
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Stock index futures signaled a modest rebound on Wall Street on Thursday ahead of results from companies including Merrill Lynch , Bank of New York Mellon  and Washington Mutual .
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Stocks bounced back on Wednesday as Federal Reserve Chairman Ben Bernanke reassured investors that the economy was set to grow moderately, a day after the Dow industrials' worst slide since the September 11, 2001, attacks.
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U.S. stocks hovered around the break-even mark, bonds fell and the dollar recovered a bit on Tuesday just hours before the Federal Reserve was expected to raise U.S. interest rates for the fifth time this year.
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Index futures pointed to a rebound on Wall Street on Friday ahead of a long weekend after heavy losses in the previous session, with earnings from General Electric  and consumer sentiment data in focus.
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Stock index futures signaled a modest  rebound on Wall Street on Thursday ahead of results from  companies including Merrill Lynch , Bank of New York  Mellon  and Washington Mutual .
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Wall Street is seen opening slightly  higher on Tuesday, tracking gains in Europe and Asia as  investors around the world bet the Federal Reserve has another  interest-rate cut up its sleeve to help avert a recession.
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The Federal Reserve concludes a two-day meeting Thursday widely expected to hold interest rates steady and note signs of a rebound in the US economy, despite the persistent slump in housing, analysts say.
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U.S. stocks were set to rise for a   second day on Thursday, buoyed by strong earnings and an   interest-rate pause by the Federal Reserve that reassured   investors about the outlook for continued profit growth.
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Wall Street is seen opening slightly higher on Tuesday, tracking gains in Europe and Asia as investors around the world bet the Federal Reserve has another interest-rate cut up its sleeve to help avert a recession.
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U.S. stock futures pointed to a   rebound on Friday after two consecutive days of losses, with   steadily declining oil prices seen offsetting inflation fears   roused earlier in the week.
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U.S. stocks edged up on Tuesday as  investors expected the Federal Reserve to stay on a course of  "measured" interest-rate increases, while major Wall Street  investment banks rose on higher profits.
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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.