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Stocks rally on Federal Reserves interest cut

Source: International Business Times

New York City : NY : USA | 11 months ago

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Shares rose after the Fed said it was slashing the borrowing costs and said it will continue to take steps to fight the deepest economic recession in decades. Right after the Fed announced its decision, the benchmark Standard & Poor's 500 index reached its highest closing level since Nov. 10, according...

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News Stories

Stocks headed for a retreat

News Source: CNN | 11 months ago

U.S. stock futures tumbled Wednesday as investors caught their breath after the previous session's rally...ET, Dow Jones industrial average, Standard & Poor's 500 and Nasdaq 100 futures were sharply lower. Futures measure current index values against...
European markets decline, dollar falls sharply

News Source: International Herald Tribune | 11 months ago

The U.S. currency had risen over the last few months as the credit crisis led investors to repatriate funds held overseas, Mr. Sasaki said...It has also dropped further below the European Central Bank's benchmark rate of 2.5 percent and the Bank of...
U.S. stocks rally after Fed interest rate cut

News Source: Xinhuanet.com | 11 months ago

Wall Street rallied Tuesday after the Federal Reserve decided to cut its main interest rate to a record low. The Fed's Open Market Committee announced Tuesday afternoon that it will lower the Fed benchmark interest rate to the range of zero...
Stocks rally on Federal Reserves interest cut

News Source: International Business Times | 11 months ago

Shares rose after the Fed said it was slashing the borrowing costs and said it will continue to take steps to fight the deepest economic recession in decades. Right after the Fed announced its decision, the benchmark Standard & Poor's 500 index...
U.S. stocks soar as Fed cuts rate to lowest level ever

News Source: International Herald Tribune | 11 months ago

After rallying in anticipation of an interest rate cut from the Federal Reserve, stock markets shot up even higher on Tuesday after the central bank announced it had cut its target overnight rate to its lowest level ever, a range of zero to 0.
Stocks rally on Fed's rate cut, financials

News Source: Gulfnews.com | 11 months ago

Shares of Goldman Sachs surged over 14 per cent after the company reported its first quarterly loss since going public in 1999, but the results were not as dire as some had anticipated. Fed cut larger-than-expected In a unanimous vote, the Fed made...