US stocks rallied on March 6, snapping a three-day losing streak as opportunities to buy cheap shares in beaten-down sectors like financial services enticed some investors back into the market after nearly a …
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Original post by Theedgedaily.com
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United States stocks rallied on Tuesday after nearly a week of steep declines to buy cheap shares in beaten-down sectors.
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Traders work on the floor of the New York Stock Exchange in New York on Monday, March 5, 2007.
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European investors resumed buying Tuesday, bringing to an end a week-long selling streak.
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The nation’s $1 trillion hedge fund industry doesn’t need further regulation because current rules are sufficient to protect investors, a federal Treasury official said Tuesday.
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Wall Street rebounded Tuesday as investors were encouraged by a recovery on world markets and moved to recoup some of the big losses suffered in last week’s sharp pullback.
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The recent bad news on the stock market has been good news for online brokerage firms.
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Mounting concerns on Wall Street that mortgage lenders might be hurt by increasing defaults and delinquencies sent investors fleeing Monday from some of the biggest names in the industry.
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European, U.S. and Asian stocks rallied Tuesday as global markets began to reverse a weeklong selloff, fanning hopes that the trading turmoil may finally subside.
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Wall Street rebounded moderately Tuesday as investors were encouraged by a recovery on world markets and moved to recoup some of the massive losses suffered in last week’s sharp pullback.
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