Summary
NEW YORK -- Investors sent stocks climbing again following reassuring words from the Federal Reserve and another batch of upbeat earnings reports. Investors were able to shake off Standard & Poor's downgrade of Spain's debt, the third European country in two days to have its rating lowered. Instead, they focused on the domestic economy.
In an economic assessment statement that accompanied the Fed's decision to keep interest rates stable, the central bank said the labor market is "beginning to improve," and it noted that housing starts have "edged up."See the full content of this document
Extract
Fed Report, Earnings Reverse Stocks' Decline
The statement did say that employers are still reluctant to hire, bu...
See the full content of this document
Sponsored links
