Stocks Rise in Volatile Trading; Fed Keeps Rates Steady

Wall Street faced another volatile session and ended in the green after the Fed decided to keep rates steady. The Fed noted credit problems and continuing weakness in housing, but stood firmly by their inflationary policy. 

Crude oil futures for September delivery rose fractionally to $72.20 a barrel.  Gold futures for December delivery fell 0.2% to $682.30 an ounce on Euro weakness today. Gold has been pegged to the Euro in recent months.

Around Europe, Germany's DAX index added nearly 1% to finish at 7,513.66, France's CAC 40 index rose 1.6% to 5,620.40, and Britain's FTSE 100 added 1.9% to 6,308.80.

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Darren Wong
Associate Editor
darrenw@tradingmarkets.com

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