Move by central banks exhilarates Wall Street (AP)

By admin on November 30th, 2011

Traders work on the floor of the New York Stock Exchange Wednesday, Nov. 30, 2011. Stocks soared in morning trading Wednesday after major central banks acted together to support the global financial system by cutting short-term borrowing rates. (AP Photo/Richard Drew)AP – A move by the world’s central banks to lower the cost of borrowing exhilarated investors Wednesday, sending Wall Street soaring more than 400 points and easing fears of a global credit crisis similar to the one that followed the 2008 collapse of Lehman Brothers.


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