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Stocks Rally After Red's Ninth Rate Cut Of Year
Wall Street rallied in the final hour as the Fed delivered its ninth rate cut of the year amid a dim business outlook. Dow rose 113.76 to 8950.59. S P 500 up 12.78 at 1051.33. Nasdaq +11.87 to 1492.33. Boeing climbed on a China order. Wal Mart rose as investors sought safer plays amid uncertainty. Citigroup gained while Compaq warned of weak earnings. Nortel Networks warned of 20,000 job cuts after hours.
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New York
Wall Street
Federal Reserve
Fed
Standard & Poor
Boeing
China
Wal-Mart
Citigroup
JP Morgan Chase
Johnson & Johnson
Merck
Compaq
Texas Instruments
Apple Computer
Nortel Networks