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Bluefield Daily Telegraph in Bluefield, West Virginia

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Mar 20, 2001

Page

5

Stocks Rally Ahead of Fed Meeting

Wall Street rose as investors priced in a potential Fed rate cut amid late-session gains in tech and blue chips. The Dow advanced 135.70 to 9,959.11, Nasdaq 60.27 to 1,951.18, and S&P 500 20.28 to 1,170.81, with optimism tempered by warnings of a smaller cut and ongoing first quarter earnings concerns.

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Wall Street bets big rate cut to buoy economy

Investors await Fed action as Greenspan faces markets in decline. Dow climbs 135.70 to 9,959.11 amid expectations of a 0.75 percentage point rate cut to revive growth and calm fears of a prolonged recession. Economists warn of a market driven slowdown if confidence falters.

Washington Federal Reserve Alan Greenspan Wall Street Fed Sung Won Sohn Wells Fargo Minneapolis Sohn U.S Greenspan and Company Greenspan

Also Mentioned on This Page

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