Thebullishtrends: U.S Stock markets sparkled in higher levels by expecting better than anticipated earning from Goldman Sachs Group Inc and Lehman Brother Holdings Inc, as well as expecting a large rate cut announcement from U.S.Federal. Dow Jones rose 257 points (+2.1%) at 12,225.50 points all of 30 stocks in the sensex gains today. Goldman (170.34 +19.27 +12.8%) and Lehman (42.94 +11.19 35.2%) have posted respective financial results before the market hours than analysts expected. Shares of Bear Steams Co (7.11 +2.25 +47) advanced more than 47% after some share holders announced that they will vote against to sell company to J.P Morgan.Volume in New York Stock Exchange crossed 475 million shares and every stock declined gained today. Now markets are looking for U.S Federal rate cut announcement, the Federal has already cut the fed funds rate by 2.25 percentage points since September, the announcement is expected at 2.15PM ET.
