Wall St. roars in late rally; Dow up 4.59 pct

Posted by admin on October 21, 2008 under News | Be the First to Comment

Wall St. roars in late rally; Dow up 4.59 pct
NEW YORK (AFP) – US stocks roared higher Monday in a late rally lifted by signs of easing credit and the growing likelihood of a second US

Fed chief backs US spending plan as markets bounce (AFP)

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Fed chief backs US spending plan as markets bounce (AFP)

AFP – The head of the US Federal Reserve backed a stimulus plan for the flagging American economy, buoying stock markets despite gloomy unemployment figures and fears the rebound could be limited.

Asian stock markets extend gains; Tokyo up 2.5 per cent

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Asian stock markets extend gains; Tokyo up 2.5 per cent
Jeremiah Marquez, The Associated Press October 21, 2008 – 2:21 a.m. HONG KONG – Asian stock markets rose again Tuesday, buoyed by further signs of easing in credit markets and support by the chairman…

Wall Street higher on hopes of credit recovery (AP)

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Wall Street higher on hopes of credit recovery (AP)

AP – A rising wave of optimism lifted Wall Street Monday, propelling the Dow Jones industrials up more than 400 points on more signs of a reviving credit market and support from Federal Reserve Chairman Ben Bernanke for further steps to aid the economy. All the major indexes finished with gains of 3 percent or more.

American Express quarterly net falls 24%

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American Express quarterly net falls 24%
SAN FRANCISCO (MarketWatch) — American Express said late Monday that quarterly net income fell 24% as the credit card company set aside more money to cover bad loans.

World stock markets bounce back (AFP)

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World stock markets bounce back (AFP)

AFP – World stock markets leapt Monday as investors cheered news of stepped-up government action to snuff out the global finance crisis and a better-than-expected US economic report.

U.S. Stocks Scale Back Advance As Bernanke Talks To Congress

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U.S. Stocks Scale Back Advance As Bernanke Talks To Congress
On Capitol Hill, Bernanke told the House Budget Committee that "consideration of a fiscal package by the Congress at this juncture seems appropriate." . Off earlier highs, the Dow Jones Industrial …

Don’t Bail On Mutual Funds Now As Market Rallies In Aging Bear (Investor’s Business Daily)

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Don’t Bail On Mutual Funds Now As Market Rallies In Aging Bear (Investor’s Business Daily)
Investor’s Business Daily – In an age-old dance, panicking mutual fund investors are pulling out just as evidence is mounting that stocks are forming a bottom.

Share market recovers four percent

Posted by admin on October 20, 2008 under News | Be the First to Comment

Share market recovers four percent
Mumbai, Oct 20 : The Bombay Stock Exchange (BSE) recovered more than four percent in early deals today after a sharp sell-off in the previous session.