US stocks surge almost 250 points

Stocks rebounded sharply today as investors, growing more optimistic about chances for an interest rate cut, sought bargains after the previous session’s huge tumble.

Wed, 29 Aug, 2007 - 22:50

Stocks rebounded sharply today as investors, growing more optimistic about chances for an interest rate cut, sought bargains after the previous session’s huge tumble.

The Dow Jones industrials gained almost 250 points.

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CourtsBusinessHeathrowPlace: USPlace: Jackson Hole, WyomingPerson: Ben BernankePerson: BernankePerson: SenatorPerson: Charles SchumerPerson: Steven GoldmanPerson: Michael SheldonPerson: Spencer ClarkeOrganisation: Federal ReserveOrganisation: Wall StreetOrganisation: FedOrganisation: Seagate TechnologyOrganisation: Altria Group Inc.Organisation: Philip Morris InternationalOrganisation: Federal Reserve Bank of New YorkOrganisation: Weeden & Co.Organisation: DowOrganisation: NasdaqOrganisation: New York Stock ExchangeOrganisation: Bear Stearns Cos.Organisation: Lehman Brothers Holdings Inc.Organisation: Goldman Sachs Group Inc.Organisation: SeagateOrganisation: Nokia Corp.Organisation: Nokia
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