Shares Surge Amid Hopes for Lower Rates
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The S. & P. index set a five-year high and the Dow Jones industrial average climbed above 11,800 for the first time.
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Wall Street stocks rallied on Tuesday, led by a surge in the technology sector, as investors returned from the Labor Day long weekend confident that the Federal Reserve would cut rates this month.
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Stocks surged on Friday after a speech by Fed Chairman Ben Bernanke spurred speculation for a benchmark interest rate cut next month and President Bush said he would help struggling subprime mortgage borrowers avoid foreclosure.
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Stocks rose on Tuesday as expectations of another Federal Reserve interest rate cut to shore up the economy fueled a further recovery in shares of banks, insurers and home builders.
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Shares rose the most in about a month yesterday as investors bet that falling oil prices would propel consumer spending and lift corporate profits while easing inflation.
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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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Stocks rose on Wednesday, helped by news of General Motors Corp's  deal ending a strike and expectations that the Federal Reserve would cut interest rates again to spur growth.
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Wall Street stocks soared on Tuesday afternoon as investors reacted with delight to a 50 basis point cut in US interest rates.
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Stocks rose on Wednesday as investors extended a rally a day after the Federal Reserve's bold rate cut, betting that lower borrowing costs would keep the economy from slowing further and boost profits.
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Business & money: Shares jump more than 12% after embattled bank reveals takeover offers.
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Stock futures rose on Monday as investors bought beaten-down shares on hopes that recent signs of deterioration in the economy will prompt the Federal Reserve to slash interest rates to avert a recession.
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Shares in retailer Woolworths Group PLC surged by 22 percent Monday after a private equity firm said it is considering making a takeover offer.
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Stocks swooned on Friday on concerns  that surging inflation may prevent the Federal Reserve from  lowering interest rates enough to pull the economy out of the  grip of a housing and credit crisis.
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U.S. stocks surged on Tuesday, as  battered insurers rose on confidence a probe of the industry  would end quickly, helping the Dow break its 5-day streak of  losses to score its strongest one-day rally since early June.
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FTSE 100 soars in first few minutes of trading, fuelled by last night's surprise cut in US interest rates.
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Shares rose on Monday after an investment deal raised hopes that wealthy foreign investors would come to the rescue of Americaâs ailing investment firms.
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Wall Street rallied for a second day yesterday after easing wage pressures and stronger-than-expected activity in the service sector raised prospects that the Federal Reserve might have room to lower interest rates next year.