Wall Street jumps on rate cut hope
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Stocks rose on Tuesday as expectations of another Federal Reserve interest rate cut to shore up the economy fueled a further recovery in shares of banks, insurers and home builders.
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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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Wall Street stocks rebounded strongly on Wednesday after sharp falls in the leading indices on Tuesday.
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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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Stocks shot higher on Tuesday after the Federal Reserve cut the fed funds rate by 50 basis points, providing relief to investors worried that the housing and credit market turmoil could spread to the broader economy.
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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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Stocks rose sharply on Tuesday on expectations the Federal Reserve will cut interest rates next week and on upbeat outlooks from technology companies.
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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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Global stock markets rebound on hopes that the US Federal Reserve will cut interest rates.
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Stocks rose on Monday as investors snapped up shares of financial companies and big manufacturers on hopes that the Federal Reserve would keep slashing interest rates to forestall an economic downturn.
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Wall Street extended its rebound from the summer slump yesterday after dips in manufacturing growth and construction spending raised investorsâ hopes for a reduction in interest rates.
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Stocks jumped on Wednesday, as lower bond yields triggered a rebound in utilities and other shares sensitive to interest rates, while signs of strength in the economy reassured investors.
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The FTSE 100 leading share index accelerated gains Tuesday after the Federal Reserve slashed US interest rates to tackle turmoil across markets, jumping 1.69 percent to 5,672.40 points.
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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 rose on Wednesday after a pullback in benchmark bond yields and signs of strength in the economy triggered a rebound in interest-rate-sensitive shares, including banks, utilities and home builders.
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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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Wall Street rose sharply in early trading, with solid preliminary results from IBM encouraging investors to buy back into the stock market after last weekâs rout.