Wall St rallies after Fed rate cut
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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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European equity markets rallied on Thursday after Wall Street bounced strongly following comments from Ben Bernanke, Federal Reserve chief, that raised hopes of US rate cut.
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Stocks were higher in early trading amid speculation that the Federal Reserve will cut interest rates at its Jan. 29-30 meeting to ward off a recession.
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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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Wall Street fell sharply in early trading, then regained ground, turning higher in late morning as investors sorted through bad economic news and the Fedâs latest rate cut.
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Asian and European stock markets rallied Wednesday in the wake of Wall Street's overnight surge spurred by the U.S. Federal Reserve's larger-than-expected interest rate cut.
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Stocks rose on Wednesday as investors bet the Federal Reserve's bold rate cut would help prevent the economy from slowing further and boost profits.
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European and most Asian stock markets rebounded Tuesday as investors cheered an overnight rally on Wall Street and snapped up beaten down shares on expectations of a U.S. interest rate cut later this week.
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Stocks rose on Tuesday as expectations the Federal Reserve will slash interest rates for the second time in a week boosted banks, insurers and home builders.
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U.S. stocks surged for a second day today after tame inflation data encouraged investors already buoyed by the Federal Reserve's interest-rate cut the day before.
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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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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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Wall Street stocks had their best week for six months after the Federal Reserve surprised markets by slashing interest rates by half a percentage point.
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Stocks advanced on Tuesday as upbeat outlooks from technology companies boosted the sector and financial shares climbed on expectations the Federal Reserve will cut interest rates next week.
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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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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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U.S. stocks rallied on Wednesday after the Federal Reserve held rates steady and did not signal a shift in policy for now.