Wednesday, January 28, 2009

Stocks stage rally

Wall Street hangs on to gains after the Fed announcement. Rally continues on optimism that the government is looking to stabilize the banking system.
Dollar Gains Versus Yen on Fed’s Resolve to Revive US Economy
MarketWatch - Reuters - BusinessWeek - Forbes

Wells Fargo Posts Loss as Wachovia Takes Toll
Wells Fargo soars despite huge loss; capital sound

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