Wednesday, September 19, 2007

Dow up 336 on Fed's big rate cut

The central bank cuts its key rate to 4.75% in a move to prevent a deep housing slump from turning into a recession. Stocks, especially financial stocks, soar in reaction. Crude oilhits a record $81.51. Best Buy and Adobe show better-than-expected profits.

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[Source: MSN Money Latest Articles]

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