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Stocks rally on higher Bear bid
(1.4) Report
3/24/2008 5:26:24 PM

Financial stocks lead Wall Street rally after JP Morgan Chase raises its offer for Bear Stearns.

The Dow Industrials rose 187.32 to 12,548.64. The S&P 500 gained 20.37 to 1349.88. The Nasdaq surged 68.64 to 2326.75. Sasha Salama reports from New York.

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