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 some of their early gains.
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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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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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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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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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Recession worries pushed U.S. stocks lower on Tuesday, but the decline was shallower than feared at first as an emergency interest rate cut by the Federal Reserve helped to ease investor fears and stabilize global markets.
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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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Stocks more than halved their opening losses on Tuesday, as investors snapped up beaten-down retail stocks and financials after the Federal Reserve's interest rate cut.
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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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Stocks recovered from deep losses on Wednesday, amid talk that the Federal Reserve would act to cut the discount rate, the same day that Merrill Lynch rattled markets with its first loss in nearly six years.
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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.
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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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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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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 investors didn't exactly celebrate the Federal Reserve's emergency rate cut Tuesday, but home owners with expensive lines of credit on their mortgages should jump for joy.
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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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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.