US STOCKS-Market rises on deep rate cut bets, GM news

Newswire

* Market rises ahead of expected Fed interest rate cut * Credit market shows signs of further thawing * Energy stocks up on higher oil; airlines and P&G lower * Dow up 0.7 pct, Nasdaq up 0.9 pct, S&P 500 up 0.6 pct (Updates to early afternoon) By Kristina Cooke NEW YORK, Oct 29 (Reuters) - U.S. stocks rose in choppy trading on Wednesday, helped by reassuring news about merger talks between General Motors Corp and Chrysler and widespread expectations for a sharp cut in U.S. ...

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