Interest rate cut sees US stocks rise

Stocks bounded higher on Wall Street today after the Federal Reserve lowered interest rates as expected and said risks to the financial markets from the recent credit crisis have eased.

Interest rate cut sees US stocks rise

Stocks bounded higher on Wall Street today after the Federal Reserve lowered interest rates as expected and said risks to the financial markets from the recent credit crisis have eased.

The Dow Jones industrial average gained more than 130 points.

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