NEW YORK (AP) - Wall Street closed mostly higher Monday as investors appeared relieved that more bad news didn't emerge about risky mortgages and shrinking credit markets. Investors seeking safety pressed into shorter-term Treasurys.
Stocks endured back-and-forth trading following a rally Friday, which came in response to the Federal Reserve's decision to lower its discount rate.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!