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Stocks Jump on Rate-Cut Hope

Strong opening on global rallies

By Kevin Spak, Newser Staff

Posted Oct 28, 2008 8:53 AM CDT

(Newser) – Stocks shot up at the bell this morning, powered by rallies overseas and speculation that another Fed rate cut is coming down the pike. The Dow rose 239, while the S&P and Nasdaq saw 2.9% and 3.3% jumps respectively. Hong Kong’s... Read full story »

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Stocks Jump on Rate-Cut Hope

Strong opening on global rallies

stock market • NASDAQ • Federal Reserve • Dow • Fed funds rate • S&P 500 • Hang Seng Index

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More Newser Stories

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S&P 500, Nasdaq follow suit

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S&P 500, Nasdaq also rise

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