Financial Times FT.com

Wall Street surges on rate decision

By John O’Doherty in New York

Published: June 29 2006 13:50 | Last updated: June 29 2006 21:43

Wall Street enjoyed a dramatic rally on Thursday, surging in the final hours after news on interest rates from the Federal Reserve.

The wave of buying pushed all main indices up sharply, with the Dow Jones Industrial Average enjoying its best day since April 2005.

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