Stocks rebound from rout as Fed faces calls to cut rates early

  • 📰 CBSNews
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

Stock Market News

Business Business Latest News,Business Business Headlines

Most equities rallied Tuesday after the previous day's global rout fueled by U.S. recession fears that have led to calls for the Federal Reserve Board to cut interest rates before its next meeting.

Most equities rallied Tuesday after the previous day's global rout fueled by U.S. recession fears that have led to calls for the Federal Reserve Board to cut interest rates before its next meeting. Tokyo, which suffered a record loss Monday, led the gains, soaring more than 10 percent as traders bought beaten-down stocks caught up in Monday's very bad day.London edged up after shedding around two percent Monday, while Paris and Frankfurt were also higher.U.S.

Commentators also said a stronger yen had led investors to unwind their 'carry trades' in which they borrowed in the cheap Japanese currency to invest in higher-yielding assets, such as equities. While Wall Street's three main indexes suffered another day of pain -- with the Nasdaq down more than three percent -- a forecast-beating read on the key U.S. services sector provided some solace.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 87. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US stocks jump as Fed keeps rates steady but signals closing in on first cutUS stocks jump as Fed keeps rates steady but signals closing in on first cut
Source: Investingcom - 🏆 450. / 53 Read more »

3 Undervalued Stocks to Buy Before the Fed Cuts RatesStocks Analysis by Investing.com (Jesse Cohen) covering: Kraft Heinz Co, Cincinnati Financial Corporation, KB Home. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Trading the Fed decision: These stocks could get the biggest boost from lower ratesThese stocks win when short-term interest rates decline, history shows.
Source: CNBC - 🏆 12. / 72 Read more »

Here's what usually happens to stocks when the Fed cuts ratesCNBC Pro analyzed stock market data since 1982 and found that stocks reacted conclusively.
Source: CNBC - 🏆 12. / 72 Read more »

These 3 stocks are set to bounce once the Fed finally lowers interest ratesThe Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks are little changed Tuesday as traders await key tech earnings: Live updatesThe three major indexes were slightly lower on Tuesday ahead of earnings reports from major companies.
Source: CNBC - 🏆 12. / 72 Read more »