US STOCKS-Wall St extends gains on Bear Stearns talk

Newswire

(Updates with news on Bear Stearns) NEW YORK, Sept 26 (Reuters) - U.S. stocks surged to intraday highs on Wednesday as talk that Bear Stearns Co Inc is close to selling a minority stake to another financial institution, sending financial services shares higher. Traders said the Bear Stearns talk added momentum to a market already buoyed by the resolution of a strike at General Motors Corp. and expectations that the Federal Reserve would cut interest rates further. The Dow Jones ...

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