TITLE

Stocks Rise On Federal Reserve Optimism

AUTHOR(S)
Karr, Arnold J.
PUB. DATE
August 2009
SOURCE
WWD: Women's Wear Daily;8/13/2009, Vol. 198 Issue 32, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
43978461

 

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