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New York Stocks Rally After Fed Leaves Discount Rate Unchanged
The market rose briskly on Friday as investors welcomed no discount rate hike by the Federal Reserve, recouping a large portion of Thursday’s losses. American Motors led gains, with major indices and industry groups broadly higher while volume slightly declined from Thursday’s level.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Exchange
Associated Press
American Motors
SP Anstraw
Merck
Johns
Cheseborough
Pond's, Webb & Kneppy
National Bellas Hess
American Motors Tora
Ramblers
Standard Oil
New Jersey
Radio Corp
Eli Db Bse
Peers Pres Sila
Erneig Tee
BCE Ris Utilities -Pyseee
Fea
Saif
Joe
Lee
Standard & Poor
Aid O
Sint Paul
Ieee of Roads Utilities
NS Cenetan Fund
Martal
Renee Elka
Grown Fund
Jon
Rl Textron
Ies
Litton Industries
Up Diesel
Texas Instruments
Zenith
I. Fon
NS US