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Reuters: Wall Street rallies as Fed cut, banks drive gains

Started by chris, March 18, 2008, 10:01:03 PM

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chris

Wall Street rallies as Fed cut, banks drive gains
      


NEW YORK (Reuters) - Stocks rang up their biggest one-day gains in more than five years as the S&P 500 jumped on Tuesday after the Fed's deep interest-rate cut and solid results from two top investment banks reassured investors shocked by Bear Stearns' sudden downfall.
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