NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Stocks gapped significantly higher on yesterday’s open, then built on their gains ahead of the Federal Reserve Board’s afternoon announcement on interest rates and economic policy. The aggressive three-quarter point rate cut initially sent shares to new intraday lows, but they zoomed higher only minutes later. The major indices thereafter rocketed to their best levels of the day in the final hour of trading. Exceeding their impressive gains of March 11, the S&P 500 [...]
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[Source: The Money Blogs]
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