Fed easing hopes sustain stocks but hits dollar (AP)

Posted by Yahoo! News: Stock Markets News on October 6th, 2010

FILE - In this file photograph taken July 6, 2010, a street sign is shown near the New York Stock Exchange on Wall Street, New York. Stocks rose Tuesday, Oct. 5, 2010, following news that activity expanded in the U.S. services sector last month. World markets also rose after the central bank of Japan surprised investors by slashing interest rates to near zero. (AP Photo/Frank Franklin II, file)AP – Stock markets rallied further Wednesday despite disappointing U.S. jobs data as investors continued to predict that the Federal Reserve would join the Bank of Japan in enacting fresh stimulus measures.


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