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Article: FirstAlert(tm) Daily 8/13: No Surprises.
- Article from:
- Investrend
- Article date:
- August 13, 2009
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Aug 13, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/08/13/firstalerttm-daily-813-no-surprises/)
- Commentary -
August 13, 2009 (FinancialWire) (By Philip Holmes) -- Stocks ended higher on Wednesday as investors took in news that the Fed wasn't planning any sudden moves on interest rates, but nonetheless signaling that the economy is on the mend. Goldman Sachs (NYSE: GS) agrees, and now predicts an annualized 3% growth rate for U.S. economy in the second half of 2009.
The Dow Jones industrial average finished closed at 9,361.61 on Wednesday, up by 120.16 points, while the Standard & Poor's ...