Global Stocks Rise After China Rate Cut
Global stocks rose Thursday after China unexpectedly cut its primary interest rate by 25 basis points in the face of a slowing economy. The Dow Jones Industrial Average was up 98.84 points, or 0.80 percent, to 12,513.63 points in mid-Thursday trading. The Nasdaq was up 7.26 points, or 0.27 percent, to 2,850.69.
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