While you were sleeping: Rate relief rally

Wed, 30 Mar 2016

By Margreet Dietz March 31 (BusinessDesk) - Wall Street rose, having pared some of its earlier gains with oil, as investors relished the prospect of fewer US interest rates this year. On Tuesday, Federal Reserve Chair Janet Yellen signalled that the central bank will “proceed cautiously” in raising rates, citing “global economic and financial developments.” Wall Street rose. In 12.55pm New York trading, the Dow Jones Industrial Average gained 0.37 percent, while the Nasdaq Composite Index rose 0.36 percent. In 12.40pm trading, the Sta...

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