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Daily Archives: August 7th, 2007

Review 8/7/07: Dow, SPX, Nasdaq, CSCO, PCLN

So, the Fed holds rates unchanged and the market rallies, as explained by this article from Reuters. According to this article, “The Fed, which also left interest rates unchanged at a policy meeting, buoyed the market by reassuring investors that problems in mortgage lending and corporate finance would not drag on the broader economy.” […]