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.

US stocks surge almost 250 points
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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