Wall Street appeared headed for a strong open Thursday after IBM Corp. reaffirmed its profit outlook and investors hoped that the panic selling that cascaded through global markets a day earlier was overdone.
Stock markets around the world moved mostly higher one day after the Federal Reserve and other leading central banks cut interest rates to help fight the credit crisis and stimulate the global economy.
Asian markets were steady to higher and European markets rose. Dow Jones industrial average futures were up 181 points ahead of the opening bell in New York.
There was hope by investors that perhaps Wall Street is getting closer to finding a …
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