Wall Street rallies for 2nd day after Fed rate cut
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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 moved mostly higher as investors remained upbeat after the Federal Reserveâs interest rate cut last week.
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Expectations of further U.S. interest rate cuts by the Federal Reserve later this week boosted stocks and sent gold to historic highs on Tuesday while they kept the dollar near a two-week low.
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The Dow industrials rose on Tuesday as investors expected another interest rate cut from the Federal Reserve, while data showing a higher-than-expected rise in orders of durable goods last month eased economic worries.
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The Dow Jones industrials rose while the S&P 500 and Nasdaq traded off its lows on Thursday after comments by Federal Reserve Chairman Ben Bernanke raised expectations that Fed policy-makers will make further interest rate cuts.
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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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The Dow and the S&P 500 rose on Tuesday on expectations the Federal Reserve will again cut interest rates to shore up the economy, but worries about technology profits and outlooks limited a broader advance, causing the Nasdaq to dip in the red.
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NEW YORK Wall Street extended its rally into a second day yesterday, supported by falling oil prices and a bullish economic assessment by a Federal Reserve official.
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European and Asian stock markets rallied Wednesday in the wake of Wall Street's surge spurred by the U.S. Federal Reserve's larger-than-expected interest rate cut.
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Stocks opened higher on Monday, boosted by expectations the Federal Reserve will cut interest rates this week.
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Positive earnings and hopes for another Fed rate cut give stocks a boost.
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Stocks rose on Monday as investors bet the Federal Reserve will cut interest rates at the end of a two-day policy meeting that begins on Tuesday.
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Stocks rallied on Tuesday, bolstered by confidence the Federal Reserve will cut interest rates next week, another round of upbeat outlooks from technology companies, and solid sales from McDonald's Corp .
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The US Federal Reserve gave Wall Street an impressive boost on Tuesday as stock markets rejoiced in a surprise decision to cut interest rates by 50 basis points.
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NEW YORK, Sept. 18 -- 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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Wall Street rose for the second consecutive session Wednesday as investors cheered economic growthin the second quarter and falling crude prices.
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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