US stocks gain ahead of expected rate cut

Wall Street advanced today as expectations for an interest rate cut from the US Federal Reserve and an uptick in pending home sales helped offset concerns about another round of subprime mortgage-related losses.

US stocks gain ahead of expected rate cut
Mon, 10 Dec, 2007 - 22:18

Wall Street advanced today as expectations for an interest rate cut from the US Federal Reserve and an uptick in pending home sales helped offset concerns about another round of subprime mortgage-related losses.

The Dow Jones industrials gained more than 100 points.

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