Excerpt from: Stock & Indices
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| September 19, 2007 | | Spread betting and contracts for differences on U.S. stocks | Spread bets and CFDs on the U.S. stock market should take into account that the Fed rate cut seems to have spurred a rally. U.S. stock indices are improving dramatically, and yesterday the Dow surged to its highest single-day gain in nearly five years. Spread betting on U.S. stocks should consider that the Fed rate cut sent a signal to companies that the Fed is willing to help out. BusinessWeek reports on the Fed rate cut and the U.S. stock market:
On Tuesday, the Dow Jones industrial average surged 335.97 points, or
2.51%, higher to 13,739.39, its first 300-plus point gain since
October, 2002. The broader S&P 500 index rose 43.13 points, or
2.92%, to 1,519.78. The tech-heavy Nasdaq composite index climbed 70.00
points, or 2.71%, to 2,651.66. | Topic Tags: CFDs, contracts for differences, Fed rate cut, spread bets, spread bets stock market, spread betting, spread betting U.S. stocks, U.S. stock indices, U.S. stock market | |
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