Tax increase optimism boosts markets says analysts
On The Money column notes investors on Wall Street show delight at President Bush's reversal on tax increases as Congress negotiates revenue plans. Analysts see potential benefits from lower mortgage rates and a stronger economy if deficits shrink, though risks include higher rates and weaker spending if the plan falters.
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Investors bet on avertable risks as economists weigh questions
Most economists concede the questions are legitimate and worrisome. For the moment investors appear to bet that such per ils will be averted.
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New York Stock Exchange Weekly Trading Summary
AP reports NYSE week opening shows mixed activity on selected issues with notable gains and losses. Traders monitor price peaks and troughs as daily moves reflect broader market sentiment and sector shifts.
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