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U.S. Stocks Rise on Fed and Rate Plan |
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Author: 123jump.com Staff
123jump.com
Last Update: 6:13 PM EST November 30 2007
U.S. stocks edged higher after trading up and down during the session. Dow added 0.45%, S&P increases 0.8%, but Nasdaq declined 0.3%. U.S. and several banks are in negotiations to hold firm interest rates on variable rate mortgages next year. U.S. markets jumped after the commnets from the Fed chairman reassured investors that another interest rate cut may happen after the next meeting. |
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