Author: 123jump.com Staff
123jump.com
Last Update: 1:58 PM EST November 28 2007
U.S. stocks rallied sharply in after the comments from the Fed Vice Chairman were interpreted as a possible rate cut in the next Fed meeting. Dow Jones, S&P 500, and Nasdaq jumped 1.5% by mid-morning trading. Finacial stocks led the rally. European markets closed higher by 3% across the region.
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