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Lower Oil Prices Ignite Big Rally; Dow Is Up by 331

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Oil prices touched a three-month low, sending stocks soaring, while the Fed decided to keep its key rate steady to bolster the economy. (New York Times — 6 August, 2008)
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The drop in oil prices fanned optimism that the crisis in commodities has eased and sent stocks higher. (New York Times — 6 August, 2008)
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Lower Oil Prices Ignite Big Rally; Dow Is Up by 331
Lower Oil Prices Ignite Big Rally; Dow Is Up by 331

Stocks close 331 points higher as central bank leaves interest rate unchanged at 2 percent.

(Washington Post — 6 August, 2008)
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The Federal Reserve, caught between mounting job losses and rising inflation, held key interest rates steady today hoping it will be enough to heal a sick economy. (MSNBC — 6 August, 2008)
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The Fed, caught between mounting job losses and rising inflation, is likely to sit tight and hope that the interest rate cuts it has already provided will be enough to heal a sick economy. (MSNBC — 5 August, 2008)
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Wall Street tumbled Thursday, closing down after weekly unemployment claims jumped to a six-year high and Wal-Mart Stores Inc. and other retailers reported disappointing sales. (MSNBC — 8 August, 2008)
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