U.S. Stocks Follow World Markets Higher
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U.S. stocks followed world stock markets higher in morning trading Tuesday as investors looked for bargains in beaten up stocks. At 10AM the Dow was up 272, the Nasdaq was up 46 and the S&P 500 was up 29.
Today, the Federal Reserve is starting a two-day meeting on interest rates. Many expect the Fed to lower the fed funds rate another 50 bps to 1%.
Asian markets soared after recent record losses. The Hang Seng jumped 14.3% and the Nikkei 225 rose 6.4%.
Europe was also much stronger with the FTSE 100 rising 3.7%, the DAX jumping 8%, and the CAC 40 rising 2.5%.
Today, the Federal Reserve is starting a two-day meeting on interest rates. Many expect the Fed to lower the fed funds rate another 50 bps to 1%.
Asian markets soared after recent record losses. The Hang Seng jumped 14.3% and the Nikkei 225 rose 6.4%.
Europe was also much stronger with the FTSE 100 rising 3.7%, the DAX jumping 8%, and the CAC 40 rising 2.5%.
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