Stocks climb after Fed reassurance

Investors sent stocks sharply higher today after the Federal Reserve reassured Wall Street that economic growth would continue despite a recent slowdown and a surge in oil prices.

Stocks climb after Fed reassurance
Tue, 10 Aug, 2004 - 22:36

Investors sent stocks sharply higher today after the Federal Reserve reassured Wall Street that economic growth would continue despite a recent slowdown and a surge in oil prices.

The Dow Jones industrial average rose 130 points in a late-session rally.

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CourtsBusinessHeathrowPlace: BostonPlace: Wall StreetPlace: Portland, OregonPlace: ClevelandPerson: Hans OlsenPerson: Robert MillenPerson: Brian PearsOrganisation: FedOrganisation: Federal ReserveOrganisation: Wall StreetOrganisation: Fed’s Open Market CommitteeOrganisation: Bingham Legg AdvisersOrganisation: DowOrganisation: NasdaqOrganisation: Jensen PortfolioOrganisation: Labour DepartmentOrganisation: Victory Capital ManagementOrganisation: New York Stock Exchange
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