The Federal Reserve expressed more confidence in the U.S. economy even as Japan’s nuclear crisis raised worries around the globe. The Fed said Tuesday that the economic recovery is on “firmer footing” and the jobs market is “improving gradually.”
In early trading, the Dow Jones industrial average rose 107 points, or 0.9 percent, to 11,683. The Standard and Poor’s 500-stock index gained 12, or 1 percent, to 1,270. The Nasdaq composite rose 33, or 1.2 percent, to 2,686.
NEW YORK (AP) – Stocks fell for a fourth day Tuesday as concerns over a slowdown in China and talks about a bailout for Irish banks combined to push the Dow Jones industrial average to […]
Global stock markets staged an explosive rally Thursday, embracing a move by the Federal Reserve to try to rejuvenate the U.S. economy by buying $600 billion in Treasury bonds.
Traders’ uncertainty has put a big September rally on hold, at least momentarily, before the central bank’s meeting Tuesday.
Stocks and interest rates are down sharply as investors take a bleaker view of the U.S. economy. The Dow Jones closed down 265 points.
The stock market began August with a huge rally after economic and earnings reports from around the world revived investors’ faith in the global recovery.