The major U.S. equity indices were also getting a lift from some short-covering following the deep declines seen since the start of May and a better than expected GDP report from Australia, according to Robert Pavlik, chief market strategist at Banyan Partners.
NEW YORK ( TheStreet) -- The major U.S. equity indices finished Wednesday's powerful 2%-plus rally on a high note as investors flooded into stocks on the hope that the Federal Reserve could soon signal its openness to another round of quantitative easing.
2012 Stock Predictions and Outlook
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