Fed Cuts Rates, NADSAQ Closes at Multi Year Highs
Posted by Blain Reinkensmeyer
October 31, 2007 at 5:25 pm
The Federal Reserver cut interest rates today by an expected quarter point. The market first sold off immediately after the announcement came at 2:15 PM but soon thereafter started to rally upwards. The major indices finished the day near their intra-day highs and signal higher prices to come this week.
The NASDAQ Composite closed today at […]
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