Mood brightens on Wall Street

Stocks in the United States rebounded today as bullish congressional testimony from Alan Greenspan and anticipation for a strong mid-quarter update from Intel Corp brightened Wall Street’s mood and overshadowed a surge in oil prices.

Mood brightens on Wall Street
Thu, 09 Jun, 2005 - 23:06

Stocks in the United States rebounded today as bullish congressional testimony from Alan Greenspan and anticipation for a strong mid-quarter update from Intel Corp brightened Wall Street’s mood and overshadowed a surge in oil prices.

The Federal Reserve chairman told politicians the economy seems to be on “reasonably firm footing,” with inflation under control.

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CourtsBusinessHeathrowPlace: United StatesPlace: New YorkPlace: BostonPerson: Alan GreenspanPerson: Peter CardilloPerson: Hans F. OlsenPerson: OlsenEvent: Memorial Day holidayOrganisation: Intel CorpOrganisation: Federal ReserveOrganisation: FedOrganisation: S.W. Bach & Co.Organisation: NasdaqOrganisation: GreenspanOrganisation: Bingham Legg AdvisersOrganisation: New York Mercantile ExchangeOrganisation: IntelOrganisation: Computer Associates International Inc.Organisation: Niku Corp.Organisation: Computer AssociatesOrganisation: NikuOrganisation: New York Stock Exchange
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