Stocks rose Monday on hopes that the Federal Reserve will deliver another big rate cut when its two-day meeting adjourns on Wednesday.
Wall Street ends session with sizable gain : Local : gosanangelo.com::
Meanwhile, the Feds decision, while not popular with investors clamoring for a expected the Fed to keep rates steady but there was some hope that the central
http://gosanangelo.com/news/2008/sep/16/stocks-continue-steep-dec/?partner=yahoo_headlinesHOME |
Testimony -- Lackritz::
Yet, the instant rules -- which treat all FHCs alike regardless of their result from what the Fed and Treasury should hope to achieve because investments
http://www.senate.gov/comm/banking_housing_and_urban_affairs/gene06hrg/061300/lackritz.htmHOME |
Expectations are for a quarter-point rate cut from the Fed to shore up the troubled credit markets that sent stocks tumbling over the summer, although a few traders are holding out hopes that the Fed will deliver another half-point rate cut as it did in September. Fed funds futures trading suggests that the chance of another big rate cut are remote, however.
The tech sector gained about 0.5% in Monday's trading session even though two of its biggest engines as of late traded down. Microsoft shed 1.3% after Friday's big gain on a stellar earnings report, while Yahoo fell 5.5% on disappointment over the Hong Kong IPO of Chinese e-commerce portal Alibaba.com, according to an AP report. Yahoo holds a 39% stake in Alibaba's parent company.
CNN Transcript - Moneyweek: Whats Ahead in the Third Quarter? - July 1 ::
I see it very difficult for the Fed to start orchestrating a tightening policy So, therefore, now for investors its much easier.
http://transcripts.cnn.com/TRANSCRIPTS/0007/01/mw.00.htmlHOME |
Fed steps up action to stem global crisis -- OrlandoSentinel.com::
The market for this crucial financing, which relies on investors rather than The hope riding on such a move by the Fed would be to spur nervous consumers and
http://www.orlandosentinel.com/business/nationworld/sns-ap-fed-credit-crisis,0,2242518.storyHOME |
BEA Systems was unchanged after Oracle's takeover offer expired, leaving its future uncertain.
Dell added 1.7% after Goldman Sachs added the company to its "conviction buy" list, while HP shed 1.3% after being removed from the same list.
NII Holdings and Juniper Networks gained more than 5% each on upgrades. Nvidia lost 2.3% on a Lehman Brothers downgrade.
Motorola lost 1.5% on reports of a $1.4 billion debt sale.
The Nasdaq rose 13 to 2817, the S&P gained 5 to 1540, and the Dow gained 63 to 13,870. Volume declined to 3.12 billion shares on the NYSE, and 2.09 billion on the Nasdaq. Advancers led by a 19-13 margin on the NYSE, and 15-14 on the Nasdaq. Upside volume was 65% on the NYSE, and 64% on the Nasdaq. New highs-new lows were 291-85 on the NYSE, and 197-129 on the Nasdaq.
 Techs Dodge Blue Chip Downdraft
 Time Runs Out on Oracle Bid For BEA
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