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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Stocks rose on Wednesday as investors bet the Federal Reserve's bold rate cut would help prevent the economy from slowing further and boost profits.
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Stocks rose on Wednesday adding to the previous session's rally, the biggest in more than four years, as investors bet the Federal Reserve's aggressive rate cut would help prevent an economic slowdown.
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Stocks rose on Monday as investors bet the Federal Reserve will cut interest rates at the end of a two-day policy meeting that begins on Tuesday.
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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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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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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 surged on Tuesday after the Federal Reserve slashed interest rates by a half-percentage point, giving relief to investors worried that the housing and credit market turmoil could spread to the broader economy.
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Stocks surged on Friday as President Bush and Federal Reserve Chairman Ben Bernanke reassured investors they would do what was needed to shelter the economy from market turmoil.
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European and Asian shares rise on growing expectations that the US Federal Reserve will cut interest rates.
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Shares opened moderately higher a day after stocks staged an extraordinary reversal and after weekly unemployment figures suggested the job market is holding up.
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Shares surged on Wall Street on Friday night, pushing the Dow over 100 points higher, as tech stocks rallied and drug giant Merck staged a 1 per cent rebound following its 26 per cent fall on Thursday.
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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.
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Stock jumps despite revelation of $5.5B mortgage-related writedowns.
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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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European equity markets were higher on Monday as investors looked at the possibility of lower US interest rates when the Federal Reserve meets later in the week.
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Leading shares staged a late rally to help the FTSE 100 post modest gains, with Corus' share price soaring by more than five percent amid hopes of a bidding war for the Anglo-Dutch steel group.