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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