US STOCKS-Wall St rises on GM accord, rate hopes

Newswire

(Updates to afternoon) NEW YORK, Sept 26 (Reuters) - U.S. stocks gained on Wednesday as a tentative labor agreement at General Motors Corp eased worries about Detroit's automakers and more weak economic data added to expectations for another cut in interest rates. The GM accord, which still must be approved by a majority of United Auto Workers members, included a health-care trust fund aimed at limiting health-care costs, which raised hopes other carmakers would soon reduce their ...

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