Stocks Soar on New Hopes for Rate Cut (IWon - Money)

Story date: 2007-10-01 08:35:34
Added on: 2007-10-01 21:00:17

NEW YORK (AP) — Wall Street shot higher Monday after a report on the manufacturing sector came in below analysts expectations and raised the prospects of another interest rate cut. The report, plus a big acquisition by Nokia, offset the market's concerns about a profit warning from Citigroup Inc.


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