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Wednesday, November 30, 2011

Move by World Central Banks exhilarates Wall Street

A move by the world's central banks to lower the cost of borrowing exhilarated investors Wednesday, sending Wall Street soaring more than 400 points and easing fears of a global credit crisis similar to the one that followed the 2008 collapse of Lehman Brothers.

Big U.S. banks were among the top gainers, jumping as much as 7 percent. Markets in Europe surged, too, with Germany's DAX index climbing 5 percent.  - Yahoo! News

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