Stocks Up on Rate-Cut Hopes

Related Newser Stories

• Market Dips as Eyes Turn to Fed

  Oct 29, 08 8:55 AM CDT
  Stocks took a modest dip at the open today, as investors waited for a rate cut decision from the Federal Reserve. The Dow fell 53 points, while the S&P and Nasdaq crept down 0.9% and 1.1% respectively. Investors are expecting a half-point rate cut, bringing the fed funds rater down to 1%, and some believe an even bigger cut is coming, the Wall Street Journal reports. More »

• Stocks Rocky After Rate Cuts

  Oct 8, 08 9:25 AM CDT
  Stocks had a volatile morning, dropping as much as 230 points after the bell before swinging upwards once more, the Wall Street Journal reports. The Dow was up about 39 points at midmorning, while the Nasdaq and S&P gained 0.7% and 0.8% respectively, as investors digested a dramatic international central bank rate cut. “The market reaction was one of almost apathy at the beginning,” said one strategist. “Markets are still confused.” More »

• Stocks Sink as Bernanke Hints at Rate Cut

  Oct 7, 08 1:28 PM CDT
  Federal Reserve Chairman Ben Bernanke warned today that the financial crisis has not only darkened the country's current economic performance but also could prolong the pain. The Fed chief's gloomy assessment appeared to hint of an interest rate cut on or before the Fed’s next meeting later this month. Despite the sign of a possible rate cut, the Dow was down around 300 points midday.
  More »

• Dow Down 700, Hits 4-Year Low

  Oct 6, 08 1:58 PM CDT
  Stocks continued downward today, with the Dow falling a record 782 points, the Wall Street Journal reports, and settling mid-afternoon around 9,571, below 10,000 for the first time since October 2004. “This is just about fear right now, and whether stocks are going to close down 200 or 900 points,” said one trader. All 30 of the index's stocks were in the red. More »

• Rate-Cut News Sweeps Away Rally

  Apr 30, 08 3:38 PM CDT
  News of today's Fed interest-rate cut swept away a market rally, and stocks ended down. Language in the Fed statement indicating that further trims were unlikely spooked investors, the Wall Street Journal reports, though that news was expected. The Dow ended down 11.81 to 12,820.13; the Nasdaq was off 13.30 to 2,412.80; and the S&P down 5.35 to 1,385.59. More »