Wednesday, May 30, 2007
U.S. stocks rally to records highs after Shanghai plunge
DJIA
13,633
+111.74
S&P
1,530
+12.12
NASDAQ
2,592
+20.53
10Yr
4.88%
-0.004
U.S. stocks rally to records highs after Shanghai plunge
NEW YORK
U.S. stocks rallied on Wednesday, sending both the Dow Jones Industrial
Average and the S&P 500 to record closing levels, as the market bounced
back from initial weakness due to an overnight sell-off in the Shanghai
stock market.
The Fed: Slowdown concerns eased at May 9 Fed meeting
WASHINGTON
The Federal Open Market Committee breathed an almost audible sigh of
relief at its May 9 meeting that the economy has appeared to recover
from brief doldrums in the first quarter, according to a summary
released Wednesday.
Emerging Markets Report: Investors less rattled by China sell-off this
time
MUMBAI, India
After yet another Shanghai sell-off that was sparked by China's latest
bid to cool off its overheated market, investors around the world seemed
less rattled than they were in comparable instances in the past.
