Stock Trading News – US stocks rally after Fed decision – Bangkok Post
New York (dpa) – US stocks rose Tuesday after the Federal Reserve said the world’s largest economy remains solid despite the crisis over US subprime home mortgages. Financial and homebuilder stocks rallied after the Fed statement, which kept the US central bank’s benchmark interest rate steady at 5. Wall Street gained for the second day in a row, recouping some of the losses during several weeks of jitters that risky loans to home buyers will hurt broader US credit markets. The broader Standard & Poor’s 500 Index climbed 9. read more
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