Wall Street is set to open slightly higher today as the market looks to extend yesterday's rally on the Federal Reserve's announcement that it will inject $1 trillion
into the U.S. Economy to ease the tightening credit squeeze. Investors
are digesting news from the Labor Department this morning that new
unemployment claims fell slightly, however the number of people
claiming benefits increased to a record 5.47 million. Oil rises to
above $50 as rallies in global markets have created some overall
investor optimism amidst the recent months turmoil.... Read more
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Expert Advice -
Expert Portfolio of the Day
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Market Recap -
Federal Reserve Keeps Rally Going; Will Pump $300B Over 6 Months
CLOSING UPDATE
Wednesday, March 18, 4:54PM EDT
The Federal Reserve is keeping Wall Street's big rally alive and giving
the Treasury market a boost as well. The Fed says it will start buying
Treasurys to help open up tight credit markets. The central bank will
purchase up to $300 billion of longer-term Treasury securities over the
next six months. The decision sent both government bonds and stocks
soaring. According to preliminary calculations, the Dow Jones
industrial average is up 91 at 7,486. The Standard & Poor's 500
index is up 16 at 794. The Nasdaq composite index is up... Full Story | 
