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Chemical Week Magazine :: CW75 Stock Performance
cw75 stock performance
11:12 AM MST | December 14, 2007 | Chemical Week Editorial Staff
The CW75 Index rose 1.9% for the week ending December 11, slightly ahead of broader market indexes. The index and the stock market lost some of its early gains on December 11 when the Fed cut their short-term rate and discount rate, the charge on direct Fed loans to commercial banks, by a quarter of a point each. Investors had expected the Fed to cut the discount rate by one-half percentage point, and cut the federal funds rate, the charge on overnight loans between banks, media reports say. The Fed also indicated that more cuts may be coming because economic...
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