Stocks rally as Dow closes above 9000 on stimulus hopes
Wall Street had its first upbeat session since the terrorist attacks. The Dow edged past 9,000 to 9,123.78 as Cisco Systems boosted optimism with strong guidance, while Bush urged Congress for a $60 to $75 billion economic plan. Nasdaq rose to 1,580.81 and S&P 500 to 1,072.28. Cisco jumped 21.5 percent to 13.95.
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Bush seeks up to 75 billion stimulus with Greenspan backing
President Bush urged Congress to approve a stimulus package up to 75 billion dollars funded by accelerated income tax cuts and rebates for workers who did not qualify for summer checks. Greenspan supported additional stimulus as the economy shows signs of recession.
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