US stocks soar after interest rate cut

A jubilant Wall Street barrelled higher today after the Federal Reserve cut its benchmark interest rate by a larger-than-expected half percentage point.

US stocks soar after interest rate cut

A jubilant Wall Street barrelled higher today after the Federal Reserve cut its benchmark interest rate by a larger-than-expected half percentage point.

The Dow Jones industrial average surged more than 330 points after the Fed announced its move - its biggest one-day point jump in nearly five years.

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