Wednesday, October 31, 2007
Wall Street ends October with monthly gains
DJIA
13,930
+137.54
S&P
1,549
+18.36
NASDAQ
2,859
+42.41
10Yr
4.48%
+0.092
Wall Street ends October with monthly gains
NEW YORK
U.S. stocks closed with monthly gains Wednesday after resuming their
rally after the Federal Reserve's interest-rate decision, offering Wall
Street just what it had been clamoring for, a quarter-point cut to
4.5%.
Economic Report: Inflation was low because oil prices surged
WASHINGTON
As odd as it sounds, the government reported that inflation was at a
four-decade low in the third quarter, primarily because import oil
prices rose so much.
The Fed: Fed cuts by a quarter-point, suggests that might be it
WASHINGTON
The Federal Reserve gave the economy its second anti-recession shot in
six weeks on Wednesday, cutting short-term interest rates by a
quarter-point, but signaled that it wants to hold off doling out any
more medicine.
