US stock indexes climb, steadying after a big sell-off
Source: AP-Excite
By STEVE ROTHWELL
NEW YORK (AP) — U.S. stocks rose Monday, led by gains for industrial and technology companies.
The market was recovering some losses after a big sell-off Friday, when a strong jobs report boosted expectations that the Federal Reserve would raise interest rates this summer.
General Motors rose after announcing a $5 billion stock buyback to appease an activist investor. Apple gained as it unveiled its smartwatch.
KEEPING SCORE: The Standard & Poor's 500 index rose 11 points, or 0.6 percent, to 2,083 as of 2:01 p.m. Eastern time. The Dow Jones industrial average climbed 163 points, or 0.9 percent, to 18,020 points. The Nasdaq composite gained 21 points, or 0.4 percent, 4,948.
FULL story at link.
FILE - In this Aug. 8. 2011 file photo, a Wall Street sign hangs near the New York Stock Exchange, in New York. The U.S. stock market is opening modestly higher Monday, March 9, 2015, following a sell-off Friday. (AP Photo/Jin Lee, File)
Read more: http://apnews.excite.com/article/20150309/financial_markets-d010e28af8.html
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Yeah I know about the worry of the Fed raising interest rates - but if they were to wouldn't that actually be GOOD for for the economy by helping to hold down inflation? Besides, if you NEVER raise rates, isn't that bad because you lose leverage by not being able to lower them when you need to? Maybe that is what happened with Japan?
