US stocks stage big rally

Wall Street staged an impressive rally today after the nomination of top White House economist Ben Bernanke as the next Federal Reserve chief.

US stocks stage big rally
Mon, 24 Oct, 2005 - 23:09

Wall Street staged an impressive rally today after the nomination of top White House economist Ben Bernanke as the next Federal Reserve chief.

The Dow Jones industrial average soared nearly 170 points and strong quarterly earnings from drugmakers and lower oil prices bolstered the gains.

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