US stocks soar

Wall Street resumed its rally today after new data showed the overall US economy is holding up but is not too strong to prevent the Federal Reserve from cutting interest rates.

US stocks soar
Wed, 05 Dec, 2007 - 22:42

Wall Street resumed its rally today after new data showed the overall US economy is holding up but is not too strong to prevent the Federal Reserve from cutting interest rates.

The Dow Jones industrial average rose nearly 200 points.

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CourtsBusinessHeathrowPlace: USPerson: Jack AblinPerson: Ryan DetrickPerson: DetrickPerson: AblinPerson: Greg ChurchOrganisation: Wall StreetOrganisation: Federal ReserveOrganisation: ADP Employer ServicesOrganisation: Labour DepartmentOrganisation: Harris Private BankOrganisation: Institute for Supply ManagementOrganisation: FedOrganisation: Schaeffer’s Investment ResearchOrganisation: DowOrganisation: American International Group Inc.Organisation: AIGOrganisation: NasdaqOrganisation: Bank of CanadaOrganisation: Bank of EnglandOrganisation: European Central BankOrganisation: Commerce DepartmentOrganisation: Church Capital ManagementOrganisation: OPECOrganisation: New York Mercantile ExchangeOrganisation: Fannie Mae
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