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The Boston Real Estate BlogI am an independent real estate broker, focused on the residential real estate market in downtown Boston. |
Fed Helps The Needy
Posted on 09/19/2007 04:42:06 | Link | Post Comment
As mentioned in my earlier post, it will be several days before its determined who is helped and who is not by today's drop in the fe ...
Wait, what'd you say?
A jubilant Wall Street barreled higher Tuesday after the Federal Reserve cut its benchmark interest rate by a larger-than-expected half percentage point. The Dow Jones industrial average reacted by surging 335 points &8212; its biggest one-day point jump in nearly five years.
Lehman rose $5.87, or 10 percent, to $64.49. The rest of the financial sector also soared.
Good to hear!
Source: Stocks Soar After Half - Point Rate Cut - Associated Press, by way of The New York Times
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