Interest rate news sends US stocks soaring

Stocks soared today on news that Federal Reserve policymakers believed their run of interest rate hikes is probably nearing an end, propelling the Dow Jones industrials up nearly 200 points.

Interest rate news sends US stocks soaring
Tue, 18 Apr, 2006 - 23:06

Stocks soared today on news that Federal Reserve policymakers believed their run of interest rate hikes is probably nearing an end, propelling the Dow Jones industrials up nearly 200 points.

The report helped offset the effects of oil prices that passed 71 dollars a barrel.

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