Wall Street rallies once again on rate cut hopes

Wall Street rallied once again today as investors bet that companies hurt by the housing crisis will benefit from a government plan to help financially stretched homeowners and from another interest rate cut.

Wall Street rallies once again on rate cut hopes
Thu, 06 Dec, 2007 - 22:15

Wall Street rallied once again today as investors bet that companies hurt by the housing crisis will benefit from a government plan to help financially stretched homeowners and from another interest rate cut.

The Dow Jones industrial average surged more than 170 points after a nearly 200-point rise on Wednesday.

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