Stocks Bask in the Post-Fed Glow

Major indexes climbed again Wednesday as investors shrugged off weak results from Morgan Stanley and bad news on housing starts

The good cheer on Wall Street engendered by the Federal Reserve's half point rate cut -- which sent equity indexes soaring Tuesday afternoon -- persisted into Wednesday. But late in the session, the market's ebullience seemed to fade as major indexes gave back some of the day's gains.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.