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October 28, 2008 · 1:33PM

U.S. Markets Soar On Hopes For Fed Rate Cut

U.S. stocks soared Tuesday afternoon as investors rushed to buy bargain-priced equities ahead of the Federal Reserve’s monetary policy meeting Wednesday. The Dow Jones Industrial Average climbed 889 points, or 10.9%, to close above 9,000 for the first time in a week. (NYT)

Categories: Business & Finance Today · Financial Services · Markets, Economic News

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