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Market Update : 
Fed Boosts TAF Auctions, Payroll Declines
Author: 123jump.com Staff
123jump.com
Last Update: 11:48 AM EST March 07 2008


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U.S. stocks reversed earlier losses after the Fed raised its limits and acceptance of wider collateral. The Fed now plans to provide $100 billion in TAF auction and also accepts agency debt for its collateral for the repurchase of short term debt for up to $100 billion. February payroll declined by 63,000. Ciena led the gainers in S&P 500 with a rise of more than 10%.

 

 

 
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