Stocks end higher amid rate cut momentum (AP)

By Pete Southern in Uncategorized | September 20, 2007 8:00 |

Stocks end higher amid rate cut momentum (AP)

Traders work on the floor of the New York Stock Exchange, Wednesday, Sept. 19, 2007. Stocks bounded higher and bonds fell Wednesday as Wall Street extended its rally a day after a half-point rate cut from the Federal Reserve. A mild reading on consumer prices added to the market's momentum. The Dow Jones industrials at times rose more than 100 points. (AP Photo/Richard Drew)AP – Wall Street built on its gains Wednesday as investors bet that the cheaper money the Federal Reserve unleashed with its decision to cut interest rates will give a boost to corporate profits and the overall economy.



Source: news.yahoo.com

Pete Southern About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.



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