Rate Cut Lifts Shares for a Second Day
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Stocks extended their biggest rally in four years, buoyed by speculation that Federal Reserve interest rate cuts will help contain the housing slump and lead to profit growth.
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Wall Street bounced back yesterday from its sharp decline a day earlier, lifted by takeover activity ahead of a majority of second-quarter earnings reports.
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Stocks rallied for a second day on Wednesday as investors bet the Federal Reserve's aggressive rate cut would help prevent an economic slowdown.
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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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US stock markets got a lift from the Federal Reserve's latest interest rate cut as the week's economic news confirmed the US economy is no longer accelerating and has struck a few worrisome potholes.
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NEW YORK - Stocks extended their gains into a second day Wednesday as investors digested a jump in the second-quarter gross domestic product while keeping a close eye on falling oil prices. The tech-dominated Nasdaq composite index posted especially robust gains...
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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 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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Shares of Google are on the way up again on their second day of trading.
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U.S. stocks rallied on Wednesday, driving the Dow to an all-time high for a second day, as data showing a weaker-than-expected services sector reaffirmed views the Federal Reserve will keep interest rates unchanged.
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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 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 Federal Reserve cut a key interest rate by half a percentage point today, the second rate cut in nine days, in an aggressive move to try to prevent a recession.
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Stocks rose on Monday on hopes the Federal Reserve would keep slashing interest rates to prevent the housing slump from tipping the economy into a recession.
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Stocks surged 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 this week.
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Stocks rose on Wednesday as investors extended a rally a day after the Federal Reserve's bold rate cut, betting that lower borrowing costs would keep the economy from slowing further and boost profits.
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Wall Street advanced sharply Tuesday, as the Federal Reserve opened a two-day meeting at which it is expected to cut interest rates again to revitalize the economy.