Goldman Reports First-Quarter Earnings of $1.47 Billion, Lehman Reports $489 Million
NEW YORK (AP) -- Stocks rallied Tuesday as investors, relieved by better-than-expected results from Lehman Brothers and Goldman Sachs, also anticipated a massive interest rate cut from the Federal Reserve. The Dow Jones industrial average surged more than 200 points.
A rate cut from the Fed in the afternoon would come just two days after the central bank backed JPMorgan's buy of Bear Stearns Cos., and relaxed its own lending practices.
Though the stock market wants more details about the... Full Story
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