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The Honolulu Advertiser
Posted on: Thursday, April 16, 2009

Investors jump into market on new signs recession is easing

Associated Press

NEW YORK — Wall Street is seeing an economic glass that's half-full — again.

Investors poured money into consumer product and financial companies yesterday as they saw new signals that the recession could be easing its chokehold on the economy.

Stocks jumped in the last hour of trading after the Federal Reserve released a report showing glimmers of hope in U.S. business conditions. The market had drifted for much of the day on poor readings on industrial production and consumer prices.