Fed pledges near zero rates through mid 2013 spurs stock rally
The Federal Reserve extended near zero rates through mid 2013 to curb the economy's weakness. Wall Street surged, the Dow gaining 429 points after a volatile day with a 640-point swing from low to high as investors welcomed the move and potential third bond purchases.
MENTIONED IN THIS ARTICLE
Federal Reserve
Washington
Wall Street
Fed
Markets swing wildly as Fed signals prolonged low rates
U.S. stocks rebounded after a volatile session with a 624 point Dow swing and a 634.76 point drop a day earlier. The Fed indicated rates would stay at record lows for two more years, boosting demand for stocks while global markets show stress.
MENTIONED IN THIS ARTICLE
Ee Yro
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
S&p
Wilshire
Russell
Amex Naspaaq Nyse
Nthno&g
Resolute
Uranerz
Forward
Danaos
Samso&g
FairptCmn
Virnetx
Mako Srg
Daebue
ChaseCorp
Luminex
FordMwt
Adventrx
BG Medn
Neenahp
Geni
Limeightn
AOL
Enernoc
C-Trcvol
GoldRsv
SykesEnt
Drscbr Rs
Friedmi
Pantry
Comcast
Prushs&p
Gribasg G
Yahoo
Barcgsoil
Delling
Micront
Citigross
Napally
At&t Inc
Agreet
Micront Nasd
Microsoft
Nasd
BkofAm NY
al Bar Ipvixrs NY
Darden NY
Penney NY
Deiline Nasd
Pfizer NY
Diebold NY
PolyOne NY
Dinee NY
PwShs
Emersone NY
RPM NY
FifthThird Nasd
SpdrGold NY
FreiPice If Nasd
S&p500etf NY
Firs NY
Schwab NY
FitMent Nasd
SearsHridgs Nash
Fordm NY
Sherwin NY
GenElec NY
Siriusxm
Goodrich NY
Smucker NY
SprintNex NY
Honwillnt
Engy NY
iShSilver NY
Spor Fret NY
iShChina
SP Inds NY
Ishemits
SP Tech
Intel Nash
Ussteel NY
Invacare NY
Vange! NY
Jpmorgch NY
VerizonCm NY
WalMart NY
Bnco
Wells Fargo NY
Wendys Co
Windstm
Mgmrsts NY
Yahoo Nash
Sweet Crude
NYMX
New York Mercantile Exchange
Chicago Board of Trade
CME
Chicago Mercantile Range
NYBT
New York Board of Trade
Washington
U.S
Federal Reserve
Fed
Treasury
Standard and Poor
Verizon strikes over compensation split across borders
Striking Verizon landline workers press for maintaining contract benefits amid a 10 year decline in wire line profits. Management seeks hard cost cuts, including pension freezes and higher health premiums, citing competition and a $20 000 annual giveback target per worker.
MENTIONED IN THIS ARTICLE
New York
Verizon
Lowell McAdam
Massachusetts
Virginia
Richard Young
Young
Johnson
Ohio Holds Little Impact From U S Credit Downgrade
Ohio officials said Standard & Poor’s downgrade of U S debt should not force state funds to sell U S bonds. STRS and School Employees Retirement System noted they shifted to cash but will reinvest as prices improve. Officials cited conservative budgeting and a recent upgrade to a stable outlook as buffers.
MENTIONED IN THIS ARTICLE
Standard & Poor
U.S
Ohio
State Teachers Retirement System
School Employees Retirement System
STRS
Nick Treneff
Seth Unger
Josh Mandel
S&p
Ohio Public Facilities Commission
Highway Patrol Retirement System
Dan Weiss
Ket
Ohio Public Employees Retirement System
Julie Graham
Phillips
OPERS
Jim Johnson
Parker Carlson & Johnson
Also Mentioned on This Page
Fedpledge
Martin Cruisinger
The
Associated Press
Dow Jones Industrials
Merican
Bala m MA
Capiicbua Mih
Cpwidgrla Mws
Eurpacgra Mfb
Incamera m MA
Invcoama m LB
Wamutinya m
American Funds
NewPerson m
Dodge & Cox IntiStk
Fidelity Contra GrowCo G
Harbor Inttinst
Frank Temp-Franklin Income
Pimco TotRetAdm
Pimco TotRetts
Vanguard
Ward TotBdAdm
Vanguard WellinAdm
Ngee
Miese
Chris Simmons
Maryland
New Jersey
Candice Johnson
Buffalo
Communications Workers of America
International Brotherhood of Electrical Workers
Verizon Wireless