Indexes surge on Bush subprime plan optimism
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U.S. stocks surged on Friday, with the Dow hitting its session high, on optimism a plan by President Bush to help struggling subprime mortgage borrowers avoid foreclosure would help loosen credit conditions that have rattled financial markets.
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Stocks rose on Friday after a higher profit forecast by Microsoft Corp.  lifted all three major indexes, and an upbeat outlook by lender Countrywide Financial Corp.  stemmed fears of financial-sector losses.
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Wall Street rallied on Monday as a burst of merger and acquisition activity offset anxiety about a stronger yen and the suspension of trading in shares of a big subprime mortgage lender.
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Stocks were poised to leap out of the gate on Friday as investors bet President Bush would unveil a plan to help subprime mortgage borrowers and loosen credit conditions that have dogged financial markets for six weeks.
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SINGAPORE, NOV 3: Investors grew confident on Wednesday that President George W Bush would win re-election, pushing up US stock futures and the dollar, after TV networks said he had won the key swing state of Ohio.
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U.S. stocks rallied on Monday, driving the Nasdaq more than 1 percent higher, as corporate takeover announcements, lower crude oil prices and a rebound in the dollar boosted optimism about the economic outlook.
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US stocks rallied Wednesday, boosted by shares of health and defence companies that are seen benefiting from the re-election of President George W. Bush, but higher oil prices checked advances.
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U.S. stocks rose on Tuesday as a report showing an unexpectedly robust services sector boosted hopes that profit growth would withstand fallout from a slowing housing market.
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Stocks surged Wednesday, with the Dow Jones industrials posting a triple-digit gain moments after the opening bell, as investors expressed relief following the election and what&#39;s widely believed to be a victory for President Bush.
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The stock market rallied at the opening bell yesterday as investors expressed relief that a clear election victor was in sight and that President Bush looked set to return to the White House for a second term.
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US stocks rallied on Wednesday, but worries over the subprime mortgage market remained the main talking point among investors.
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Wall Street bounded higher for the second straight day yesterday as investors reveled in sharply falling oil prices and the probusiness agenda of the second Bush administration. The Dow Jones industrials gained more than 177 points for its best day of 2004, while the Standard &amp; Poor's 500 closed at its highest level since early 2002.
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US stocks advanced on Wednesday as President Bush won re-election, but slipped off the day&#39;s highs after a surge in the price of oil.
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Stock index futures rose on Monday, lifted by news of a deal to buy a Merrill Lynch  lending unit and as investors eyed retailers as the busy holiday shopping season drew to a close.
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Investor optimism jumped in September   to its highest level since March as investors expressed relief   about falling energy prices, according to the UBS/Gallup Index   of Investor Optimism released on Monday.
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U.S. stocks jumped on Friday as surprisingly strong data on home sales and durable goods orders relieved anxiety about the economy and bolstered investor confidence after weeks of market turbulence.
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The S&P 500 index, a measure of the  largest U.S. stocks, rose to a lifetime high on Friday on  optimism about economic growth, corporate takeovers and  profits.