December 2, 2008
Most Asian markets rebound after Fed cut
TOKYO (AP) - A hefty cut in a key short term interest rate in the U.S. has been welcomed on world markets with a rebound in stock trading. But as the day progressed, many Asian markets trimmed their initial, robust gains.
Indexes rally on strong data as turbulence eases
U.S. stocks jumped on Friday as surprisingly strong data on home sales and durable goods orders relieved anxiety about the economy and bolstered investor confidence after weeks of market turbulence.
Blue-chips dip as FOMC hints more hikes
U.S. blue-chip stocks closed slightly lower on Tuesday, after Federal Open Market Committee minutes gave no sign when the central bank would ease its campaign of interest-rate hikes. But the Nasdaq rose, continuing its longest rally in more than five years.
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