17-Dec-2008 5:58 PM
US Airways shines again; Southwest back in favour; JetBlue up and fuel down
Analysis
US stocks soared in late trading on 16-Dec-08 as investors applauded the Federal Reserve's decision to cut its target federal funds rate from 1.0%, already at a historic low, to 0.25%. The Dow Jones Industrial Average surged 362.32 points (+4.23%) to 8,926.85, the Nasdaq jumped 81.55 points (+5.41%) to 1,589.89 and the S&P500 index rose 44.69 points (+5.13%) to a preliminary close of 913.18.
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