Wall Street Smells a Rate Cut

Investors celebrated Tuesday's expected easing a day early, with financials getting an added boost from cash infusions to UBS and MBIA

Major U.S. stock indexes ended higher on Monday, with market sentiment buoyed by expectations that another Fed rate cut on Tuesday will bring some relief to tight credit markets and stimulate the economy. Two new cash infusions into troubled financial companies likely sparked hopes of further relief to persistently tight credit markets.

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