Wednesday, March 19, 2008

Fed Cuts Funds Rate to 3-Year Low -- Markets react by volatile trading

After the FED cuts the Rate to 3-year low, Market goes down a bit sharply, since it was expecting a cut of 100 basis points instead of 75 basis point. But recovers back again.. Market at 12:00AM IST
Dow 12,186.93 +214.68 +1.79%
Nasdaq 2,229.29 +52.28 +2.40%
S&P 500 1,301.87 +25.27 +1.98%

No comments: