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US Stocks Soar on Fannie/Freddie Takeover

Dow up 300 early as investors bet on broader recovery

By the Associated Press

Posted Sep 8, 2008 9:40 AM CDT

(AP) – Stocks surged this morning as investors rushed to lay bets on a broad economic recovery following the weekend announcement that the US government will bail out mortgage lenders Fannie Mae and Freddie Mac. The major indices jumped, with the Dow Jones industrials gaining more than...   Read full story »

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