TITLE

U.S. Stocks Waver After Global Rate Cut

AUTHOR(S)
Schachter, Ken
PUB. DATE
October 2008
SOURCE
Red Herring;10/8/2008, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that U.S. stocks retreated near the close in the wake of a coordinated half-point rate cut by six North American and European central banks after recovering from a 200-point decline. It states that U.S. Treasury Secretary Henry Paulson called for a special meeting of Group of 20 (G20) officials as part of a systemic approach on a significant scale to combat the global financial crisis. In the broader markets, the Dow Jones Industrial Average edged down 15 points, or 0.2 percent to 9,432.
ACCESSION #
36602964

 

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