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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Interest Rates Update

Posted by Blain Reinkensmeyer
October 31, 2007 at 2:34 pm

Very quickly here wanted to let everyone know if you don’t know already that the Feds have cut rates by a quarter point, .25%.
This was expected and the market immediately sold off after the news but now looks to be climbing back as of 2:30 PM EST. So, keep an eye on your positions and […]

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