US stocks close higher on Fed stimulus hopes

Published October 17, 2010

US stocks close higher on Fed stimulus hopes
NEW YORK—US stocks on Tuesday erased early losses to close in positive territory after traders were encouraged by confirmation that the Federal Reserve may soon provide more stimulus to boost economic recovery.
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US stocks higher on Fed stimulus hopes
NEW YORK: US stocks on Tuesday erased early losses to close in positive territory after traders were encouraged by confirmation that the Federal Reserve may soon provide more stimulus to boost economic recovery. Wall Street sentiment was further lifted shortly after trading ended when technology bellwether Intel announced a stronger-than-expected quarterly profit and record revenue. The markets …
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