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Market slides amid Fed rate move and oil find hints
Investors priced in a half point cut in the discount rate to seven percent after a market rally fueled by expectations of further government steps toward easier credit. The week closed with gains as oil discoveries in the North Sea and Gulf of Mexico mixed with strong stock performance for Con Edison and GM and a higher Dow Jones Industrials average. The Associated Press reports a broad market uptick, led by energy and industrials, amid ongoing policy signals from the Fed and fiscal authorities.
MENTIONED IN THIS ARTICLE
JM. Cy Accur
Credit Po
The
Central
Fed
Ed.cts
S S
T. Company
Agia
Armes
North Sea
Ammcka
Inaila
Inall Ptalzs
Gulf of Mexico
Aim Ruteana
Aenea
Taeinghouse Electric
Ashe
Associated Press
ContCop
A. Freht
Fuqua Ind
Amex
Gableind
MYORK
Benne Mawar
Benne Kaleer