|
|
|
Fed Boosts TAF Auctions, Payroll Declines |
| |
Author: 123jump.com Staff
123jump.com
Last Update: 11:48 AM EST March 07 2008
Email article | Print
article
U.S. stocks reversed earlier losses after the Fed raised its limits and acceptance of wider collateral. The Fed now plans to provide $100 billion in TAF auction and also accepts agency debt for its collateral for the repurchase of short term debt for up to $100 billion. February payroll declined by 63,000. Ciena led the gainers in S&P 500 with a rise of more than 10%. |
|
| |
|
|
More: