Investors Applaud Central Bank Move
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Stocks rose as investors looked past rate cut disappointment and reversed Tuesday's sell-off.
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Stocks edged into positive territory on Tuesday after former Federal Reserve Chairman Alan Greenspan said that he was not worried about Chinese selling of U.S. Treasuries.
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Business & money: 9.30am: Shares in the bank jumped almost 3% after recommendation.
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After raising $634 million in last nightâs offering, a hedge fund gets a warm reception in its first minutes of trading.
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A day after the Federal Reserve raised short-term interest rates by a quarter point, investors began the trading session today by doing some selling.
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NEW YORK, Aug. 24 -- Stocks rallied Friday on good economic reports, easing investor nerves despite worries over the fragile credit market.
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U.S. stocks surged on Friday as President Bush and Federal Reserve Chairman Ben Bernanke reassured investors they would do what was needed to shelter the economy from market turmoil.
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Good news from the President and Bernanke help investors decide now is the time to buy.
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Stocks rallied Tuesday after the Federal Reserve cut a key short-term interest rate by a half-percentage point, reassuring investors that it was taking aggressive action amid the credit and mortgage market meltdown.
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Stocks soared on Wednesday, sending the Dow Jones industrial average to an all-time high, as investors drew confidence from Federal Reserve Chairman Ben Bernanke's comments that inflation is poised to ease while the economy grows moderately.
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European equities rallied on Friday, recovering their poise after losses in the previous session sparked by concerns over the prospect of rising interest rates.
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Stocks rallied Wednesday, pushing the Dow Jones industrial average to a record close, after investors cheered comments on the economy and inflation from Federal Reserve Chairman Ben Bernanke.
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Chinese stocks rose moderately on Wednesday, as calm returned to the market following reassuring comments from the central bank and a major institutional investor.
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The resurgent banking sector helped the leading share index close in positive territory following reports of a bid approach for Northern Rock, dealers said Thursday.
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Homeowners are given a boost after policymakers at the Bank of England vote to keep interest rates at 5.25%.
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U.S. stocks rallied on Wednesday after the Federal Reserve held rates steady and did not signal a shift in policy for now.
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The Dow gained more than 100 points within minutes of the central bankâs announcement and continued to climb before falling just before the close.