31-Jan-2008 11:38 AM
US Fed slashes rates, investors head for exits, Asia Pacific aviation industry still optimistic
Analysis
US stocks closed weaker on 30-Jan-08, despite a 0.5% interest rate cut by the Federal Reserve, on the heels of a 0.75% cut last week. The volatile Dow Jones Industrial Average fell 0.3%, after giving up a 200-point intra-day rally, while the tech-heavy Nasdaq composite fell 0.4% and the Standard & Poor's 500 index fell 0.5%.
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