Author: 123jump.com Staff
123jump.com
Last Update: 4:47 PM EDT April 18 2006
Sharp gains in market averages reflected enthusiam of investors on interest rates. Recent Fed minutes of meetings suggested that Fed may be near completion of rate hike campaign. Caterpillar, International Paper and Alcoa rose more than 3%. Home builders, retailers and industrials advanced. Copper closed at new high and oil reached near $72. Brazil and India led emerging markets with more than 2.5% gains.
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