2007-08
18 10:18:40Stocks rebound on discount rate cut
NEW YORK (AP) -
0817b--Wall-
Street
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bell
Stocks barreled higher Friday after the Federal Reserve did what Wall Street was clamoring for and cut its key discount rate a half percentage point. The move quelled investors' credit worries at least for the time being and sent the Dow Jones industrials up about 230 points.