Wall Street finally has something to celebrate after starting the new year on a dour note. Wednesday’s sharp rally in the U.S. stock market triggered a sudden slide in Wall Street’s “fear gauge,” ...
The S&P 500 and the Dow Jones Industrial Average were down Wednesday morning while the Nasdaq composite was slightly up.
The Federal Reserve took extraordinary steps to prevent a major meltdown of the global banking system after the panic-inducing September 2008 implosion of investment bank Lehman Brothers.
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