(Updates to shows S&P, Nasdaq turning negative) NEW YORK, April 30 (Reuters) - U.S. stocks gave up gains on Wednesday following the Federal Reserve's widely anticipated quarter percentage point rate cut. Stocks were trading higher before the Fed's announcement on expectations that the Fed would make another cut. Lower borrowing costs are seen as a positive for equities because it makes it cheaper for companies to grow their businesses. "The news was as anticipated. It rallied in ...
Premium Content (PAID Subscription Required)
"US STOCKS-Short-lived Fed gains fizzle on Wall St" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642