Tuesday, March 18, 2008

Dow Surges 420 Points on Fed Rate Cut and Earnings

Casting aside any hesitation about an aggressive interest rate cut, investors sent stocks soaring to their highest gains in five years on Tuesday as shares of financial firms surged in the hopes that the Federal Reserve has finally taken hold of the credit crisis. The Dow Jones industrial average gained 420 points.

read more | digg story

No comments:

Twitter Updates

Search This Blog

Total Pageviews