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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CourtsBusinessHeathrowPlace: USPlace: ChicagoPlace: Gulf CoastPlace: HoustonPlace: New York StatePerson: GreenspanPerson: Federal Reserve ChairmanPerson: Alan GreenspanPerson: Lynn ReaserPerson: Stephen MassoccaEvent: Hurricanes KatrinaEvent: RitaEvent: KatrinaEvent: Hurricane RitaOrganisation: GreenspanOrganisation: Bank of AmericaOrganisation: National Association for Business EconomicsOrganisation: Conference BoardOrganisation: NasdaqOrganisation: New York Mercantile ExchangeOrganisation: Wall StreetOrganisation: Pacific Growth EquitiesOrganisation: Commerce DepartmentOrganisation: Exxon Mobil Corp.Organisation: Tyson Foods Inc.Organisation: Chevron Corp.Organisation: ChevronOrganisation: WellPoint Inc.Organisation: WellChoice Inc.Organisation: WellChoiceOrganisation: Taser International Inc.Organisation: Securities and Exchange CommissionOrganisation: SECOrganisation: TaserOrganisation: New York Stock Exchange
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