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ID: 29506
Title: Yahoo! News: Stock Markets News Yahoo! News Stocks rally on Fed comments on economy (AP)
Description: Stock Markets News

Traders Kevin Osowiecki, left, and Kevin Hackett smile as they watch the numbers near the close of trading on the floor of the New York Stock Exchange, Wednesday, March 21, 2007. Stocks surged ahead Wednesday after the Federal Reserve said the economy seemed likely to keep growing at its current pace, allowing Wall Street to cast off some of the economic concerns that triggered a sharp selloff last month.(AP Photo/Richard Drew)AP - Wall Street rallied sharply Wednesday after an economic assessment by the Federal Reserve ignited investor hopes that the central bank has warmed to the idea of lowering short-term interest rates. Largely thanks to Wednesday's triple-digit gains, the Dow Jones industrials have surged 337 points this week, the best three-day performance for the blue chip average since November 2004.


Category: Business/Stock Markets/
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Date Added: March 22, 2007 01:06:05 AM
Number Hits: 0