Stocks Rise On Federal Reserve Optimism

Karr, Arnold J.
August 2009
WWD: Women's Wear Daily;8/13/2009, Vol. 198 Issue 32, p14
Trade Publication
The article reports that the U.S. Federal Reserve's increasingly positive view of the economy lifted the major stock indices more than 1 percent, but retail stocks had to settle for more modest increases. The S&P Retail Index added 3.23 points, or 0.9 percent, to end the day at 366.94, putting an end to a two-day losing streak. But the Dow Jones Industrial Average rose 120.16 points, or 1.3 percent. The Nasdaq Composite logged the biggest increase of the day, jumping nearly 29 points.


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