Sign up to The Irish Times Archive (1859 - 2008)My Account »
Thu 06 Jun 2000Stocks end higher after Fed leaves rates alone
Stocks ended higher yesterday with the technology sector leading the way after the Federal Reserve kept interest rates unchanged, as expected, but signalled it could bump them up again later this summer.
A rally after the central bank's decision in the afternoon had faded some by the time the stock market closed as Wall Street reasoned future rate increases could dent corporate profits, particularly those of old-line blue-chip companies.
Choose a Subscription type - required
