Nasdaq paces Wall Street gains; data support Fed cut scenario

11:51 am ET Sep 4, 2007

DJIA

13,393

+35.93

S&P

1,484

+10.06

NASDAQ

2,623

+27.50

10Yr

4.56%

+0.027

Nasdaq paces Wall Street gains; data support Fed cut scenario

NEW YORK
U.S. stocks traded higher Tuesday as economic data came in largely as
expected, offering investors little reason to shake the generally held
view that the Federal Reserve will lower interest rates when it meets in
two weeks.

Economic Preview: Data look fine, but Fed will probably cut anyway

WASHINGTON
Investors will pore over the economic data in the coming week, looking
for reasons the Federal Reserve should or shouldn't cut interest rates.
But the data will probably be irrelevant to the decision.

Deutsche Bank CEO see signs markets are stabilizing

LONDON
The chief executive of Deutsche Bank on Tuesday said there were signs
that financial markets were stabilizing, adding that Germany's largest
bank never had problems of funding, even during the worst of the recent
crisis.

Hurricane Felix makes landfall in Central America

NEW YORK
After making landfall in northeastern Nicaragua as a powerful Category 5
storm, Hurricane Felix has weakened somewhat to Category 3, with top
sustained winds near 120 miles per hour, according to the National
Hurricane Center.

Carlyle Group turns to smaller scale deals in China

HONG KONGCarlyle Group LLC plans to invest $20 million in China-based
language school operator NeWorld Education Group, according to a
published report.