Greenspan comments boost US stocks

Most US stocks closed higher today after Federal Reserve Chairman Alan Greenspan said the economy has weathered the increase in oil prices “reasonably well”.

Greenspan comments boost US stocks
Tue, 27 Sep, 2005 - 23:27

Most US stocks closed higher today after Federal Reserve Chairman Alan Greenspan said the economy has weathered the increase in oil prices “reasonably well”.

Earlier in the session, stocks fell after consumer confidence hit its lowest point in two years, raising fears that US shoppers might cut their spending and slow the economy.

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