Fed rate cut stirs bull stampede

March 18, 2008

The Dow skyrocketed 420 points, or 3.5 percent, to 12,392. The S&P 500 surged 54 points, a gain of 4.2 percent, to 1,330. The Nasdaq jumped 91 points, or 4.2 percent, to 2,268. Crude oil jumped sharply to settle at $109.42.SPEAKER: Hugh Johnson, chief investment officer, Johnson Illington AdvisorsConway Gittens reports from New YorkConway Gittens reports from New York