Nancy Lottridge Anderson, Ph.D., CFA, and her staff offer expert advice and personal service. We offer our services on an hourly or retainer basis for our clients. Our services include account management, stock and economic research, retirement planning, and 401k slate analysis. We manage investment accounts of any size and tailor the portfolio to meet your specific needs. For clients of ours, we are available to help with any financial situation you face.
Independent, Fee-Only Financial Advisor
Tuesday, September 18, 2007
Fed cuts 1/2 point.
Stocks marked their biggest gains of the year after a surprisingly large interest-rate cut by the Federal Reserve. Each of the major indexes gained over 2.5%, with the S&P 500 leading at 2.92%. The half point cut exceeded the expectations of most market watchers, who generally expected a quarter-point cut and stocks jumped immediately on the news. Wall Street likes rate cuts because they make borrowing cheaper, but the cuts can also stoke inflation. Oil prices climbed to settle up 94 cents at $81.51, their second consecutive record close. Tuesday definately lived up to the hype. DJIA +335.97 Nasdaq +70.00 S&P 500 +43.13