Ever since stocks started falling last month, many investors have wondered when the Federal Reserve might step in to provide additional support to the economy. This morning, investors discovered that they'd gotten the support they'd expected -- but from an unexpected source. Rather than the Fed, it was the People's Bank of China that stepped in, cutting its deposit and lending rates by a quarter-percent for the first time since 2008. The surprise sent stocks soaring, although less enthusiastic comments from Fed Chairman Ben Bernanke cut the gains in the Dow Jones Industrials
Caterpillar
United Technologies
Finally, Pfizer
Happy happy joy joy
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