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Daily Archives: August 17th, 2007

Review 8/17/07: SPX, Nasdaq, Dow, RIMM, MA, GOOG

The Fed came to the financial markets’ rescue today. It lowered “discount rate” (the rate at which the Fed loans money to banks) by 0.5% to 5.75%. It left the benchmark federal fund rate alone, for now, at 5.25%; and, signaled its willingness to do more to cushion the economy.
This gave the stock […]