Dow soars nearly 300 points as banks rally
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Stocks snapped a five-day losing streak on Wednesday, with the Dow surging nearly 300 points on optimism that a government plan to rescue ailing bond insurers is taking shape and could prevent billions more in credit losses.
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U.S. stocks climbed on Tuesday after  several banks, including Bank of America Corp. BAC.N, posted  increased fourth-quarter profits, while oil prices retreated  from seven-week highs, easing worries about steep energy costs.
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Business & money: 9.30am: Shares in the bank jumped almost 3% after recommendation.
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Leading Wall St shares surged overnight after a bounce in Pfizer&#39;s shares and an upgrade for Intel, sending the Dow to a three-and-a-half year high.
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Investment bank stocks rose Tuesday after Goldman Sachs and Lehman Bros. reported surprisingly strong third-quarter results, indicating that sluggish market conditions this summer did not dent Wall Street earnings.
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The US Federal Reserve gave Wall Street an impressive boost on Tuesday as stock markets rejoiced in a surprise decision to cut interest rates by 50 basis points.
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Stocks rallied early Wednesday afternoon, with the Dow Jones industrial average hitting a new record trading high, after closing at its best level ever on Tuesday.
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Stocks edged up on Thursday, extending a steep late-day rally in the previous session that was sparked by optimism about government and central bank plans to boost the economy.
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A jubilant Wall Street barreled higher Tuesday after the Federal Reserve cut its benchmark interest rate by a larger-than-expected half percentage point
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The Dow Jones industrial average surged to a new record on Tuesday, broke it on Wednesday and edged even higher on Thursday.
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London equities moved sharply higher on Thursday after a rebound on Wall Street overnight.
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Stocks surged on Thursday, lifting the Dow to a record, as stronger-than-expected retail sales and takeover speculation fueled optimism about the economy.
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London equities made strong gains on Monday, with banking stocks at the forefront of the rally at the start of a busy week for newsflow in the sector.
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Stocks rallied Tuesday after the Federal Reserve cut a key short-term interest rate by a half-percentage point, reassuring investors that it was taking aggressive action amid the credit and mortgage market meltdown.
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U.S. stocks gained on Tuesday, after  crude oil retreated from a seven-week peak and higher  fourth-quarter profits from several banks, including Bank of  America Corp. BAC.N, lifted financial shares.
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U.S. stocks rose on Wednesday as a pullback in benchmark bond yields triggered a rebound in interest-rate-sensitive shares including banks, utilities and home builders.
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Stocks rallied and the Dow industrials hit a record high on Wednesday as investors welcomed Federal Reserve Chairman Ben Bernanke's assessment that the economy would grow moderately as inflation eases.