Stocks closed out the week with double digit losses. The Dow …
Stocks closed out the week with double digit losses. The Dow …
Updated: Thursday, 05 Nov 2009, 12:01 AM EST
Published : Wednesday, 04 Nov 2009, 4:55 PM EST
(WWLP) - A mixed closed on Wall Street Wednesday. The Dow slipped off its highs of the day, but stayed in positive territory. The blue chips rose 30 points by the closing bell, but the NASDAQ slipped nearly 2 points.
Federal regulators are getting more cash to police major players in the stock market.
A new bill also gives them the ability to offer bounty money to tipsters on fraud cases.
These rules will help tighten rules governing financial institutions to prevent another market crisis.
Meantime, the FED is leaving interest rates at a record low to help spur spending.
Federal Reserve officials want to encourage Americans to spend more and help the economic turnaround gain traction.
The economy started to grow again last quarter for the first time in more than a year.
A business trade group says the U.S. service sector grew for a second straight month in October, but at a slower pace than in September.
New numbers show that the economic recovery is slowly creeping along for the country's hospitals, retailers, and financial service companies.