After days of despair, markets end Tuesday on up note
There was a different vibe on Wall Street Tuesday by the closing bell.
After a roller coaster ride, the markets ended the day much higher, with the Dow Jones gaining 430 points and the Nasdaq coming out 125 ahead.
This happened as the U.S. Federal Reserve announced that it will keep interest rates low as a stimulus for 2 more years.
The TSX finished higher, too — gaining 438 points and once again surpassing the 12 thousand point mark.
But it wasn’t always looking so good.
The markets started to lose their gains after the fed’s announcement, as some investors worried about the reasons why interest rates would need to stay low for so long. The Fed said that risks to the economy have increased.
The negative economic prediction caused a temporary tumble, as people became concerned that the likelihood of another recession also increased.
So with these kind of shifts happening on what seems like a daily basis, is it time to pull your investments out? Sharon McCulloch reports.
[projekktor src=’https://488b0f6bbd6e1f02d285-a9990803a5649dd3960d912508d8bce9.ssl.cf2.rackcdn.com/2011-0809-MarketEN6.mp4′]