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Wall St.'s Fed euphoria continuesStocks gain at the start of trading, with inflation, housing reports adding to post-rate cut rally.NEW YORK (CNNMoney.com) -- Stocks continued their post-Federal Reserve rate cut ascent early Wednesday, as investors considered new reports on housing and inflation. The Dow Jones industrial average rose 0.4 percent. The Nasdaq composite index gained 0.6 percent. The Standard & Poor's 500 index was 0.4 percent higher. Among stocks in the news Wednesday: Morgan Stanley (Charts, Fortune 500), General Mills (Charts, Fortune 500), CarMax (Charts, Fortune 500), Accredited Home Lenders (Charts), Google (Charts, Fortune 500) and Corning (Charts, Fortune 500). |
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