Early Rally Offsets Economic Worries
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Despite a decline on Thursday and Friday over worries about the economy, the stock market gained ground last week.
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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 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 economy rebounded with a good head of steam in the spring before a credit crisis raised new fears about longer-term business health.
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Stocks were modestly higher at the opening, bolstered by hopes the economy will dodge a recession through new rate cuts and government stimulus efforts.
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Asian and European stock markets rose on Monday, supported by a pre-weekend rally for Wall Street on hopes the US economy may avoid a recession after US interest rates were slashed.
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Better-than-expected economic news has sent stocks bouncing off of yesterday&#39;s losses. The Dow Jones Industrial Average is up 19 points in today&#39;s early going.
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Weekly data come in line with expectations, feeding hopes for a rate cut while limiting recession fears.
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Sterling zig-zagged against its main rivals before staging a late rally to recover some of its early losses against the US dollar.
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Investors cheered by falling oil prices and an improving job picture sent stocks higher Tuesday, hoping that the news signals a renewal of economic strength and a fall rally in stocks.
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The market rallied after the government reported wholesale price figures that remained muted, and quieted fears that the Federal Reserve might raise interest rates.
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TORONTO (CP) - A rally in the insurance sector helped take stock markets up sharply - and drove New York&#39;s blue chip index to a triple-digit runup - despite higher oil prices and a further slowdown in US consumer confidence.
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Welcome news about the economy and interest rates touched off a stock market rally that lifted the Dow Jones industrial average to a record.
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US stocks were higher on Tuesday, amid a broad-based rally that included a rebound in the battered financial sector.
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There's momentum ahead, despite this quarter's soft numbers.
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A sluggish gross domestic product reading was nonetheless better than expected, prompting investors to send stocks slightly higher Friday on hopes that the economic slowdown would not be as bad as first thought.
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Treasury debt prices trimmed early  gains on Friday after U.S. economic data proved to be not quite  as weak as some bulls had been betting.