Stocks Rally After Disappointing Economic Data Raises Hopes for Fed Action with Nokia (NOK) and General Electric (GE) on the Move
Posted on June 14, 2012 at 16:34 PM EDT
Closing out the day... Stocks surged to session highs this afternoon as panicky investors reacted to a report that central banks are ready to provide liquidity to financial markets following Greece's crucial election on Sunday in case it becomes necessary. But the major indexes backed off those highs within minutes still closing the day with nice gains. Stock rose after labor and inflation data sparked speculation the Federal Reserve would announce further economic-stimulus efforts. Markets briefly spiked in the final hour of trading, extending ga...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
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