Author: Elena Todorova
123jump.com
Last Update: 12:33 PM EDT August 13 2007
U.S. market averages rebounded Monday after the Fed Reserve and other central banks injected more cash into global financial systems, easing concerns about credit tightness. The Federal Reserve added only $2 billion in liquidity into the market, far below the $52 billion requested by banks. Goldman Sachs Group added 1% after it said it invested additional $3 billion in its troubled Equity Opportunities hedge fund.
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