Miracle On Wall Street After Fed Intervenes In Favor Of Borrowing Banks

After a surprise move by the Fed to slash its “discount window” rate to banks that borrow, U.S. stock futures surged ahead pointing to a higher open. And it was a higher open. Well into the open, by 10:09 am, the Dow added 1.78 percent, the tech-heavy NASDAQ gained nearly 2 percent, while the S and P500 index sky-rocketed back to +2.24 percent. (Y

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