December 16th, 2008 // comments (0)

Stocks Rally After Fed Cut

Wall Street is applauding an unusual move from the Federal Reserve to cut its target for a key interest rate to the lowest level on record. Stocks are extending their gains Tuesday following the central bank’s decision to lower its fed funds target rate to a range of zero to 0.25 percent to align with where rates have been in the eyes of the market.

A close above 9k would be a very positive development for the market.

Related:

• March 5, 2009 -- Market Oracle Predicts Slow Recovery
• March 5, 2009 -- Markets Down In Midday Trading
• March 4, 2009 -- Dow Up During Mid-Day Trading
• March 2, 2009 -- Dow Tumbles, Closes Below 6,800
• March 2, 2009 -- A.I.G Gets More Cash, Dow Drops
• February 26, 2009 -- Market Watch: 02/26/09
• February 25, 2009 -- Market Watch: How Will The Dow React?
• February 23, 2009 -- Dow Beginning To Flirt With 7k
• January 14, 2009 -- Dow Hammered In Early Trading
• November 26, 2008 -- Markets Close Up For Third Day