Inspire confidence in the Fed rate cut U.S. stocks record biggest gain in 4 years.

<P>: Http://finance. News, U.S. stocks rose on Tuesday, the largest in four years, after the U.S. Federal Reserve cut interest rates substantially so that investors expect the economy to get rid of the property market continues to decline and credit market crisis. .</ P> <P> the first time in four years the Fed cut the federal funds rate and the rate lower than many investors expected large. .Standard & Poor's 500 index crashed in March 2003 to record the biggest one-day percentage gain. .</ P> <P> percentage gain in the Dow Jones industrial average today is the largest since April 2003. .</ P> <P> cut interest rates before the Fed announcement, Lehman Brothers announced a surprisingly strong performance, investors will also help ease the credit market contraction on the impact of the banking sector concerns. .Lehman surged 10%, to $ 64.49. .</ P> <P> benefit from the shares of banks today cut interest rates among the biggest gainers, Citigroup and JP Morgan were up about 5%. .</ P> <P> Clearbrook Financial LLC's chief investment officer Tom Sowanick said: "The Fed was worried about impact of economic activities in the credit situation, we now are willing to sacrifice for economic stability in inflation. Stock market react accordingly." </ P> < .P> According to the latest data, the Dow Jones industrial average <. DJI> closed up 335.97 points, or 2.51%, at 13,739.39 points; Standard & Poor's 500 Index <. SPX> surged 43.13 points, or 2.92%, at 1 ., 519.78 points, Nasdaq Composite Index <. IXIC> rose 70 points, or 2.71%, at 2,651.66 points. .</ P> <P> the New York Stock Exchange said after the decision in the Federal Reserve cut interest rates, extended gains due to share price has implemented measures to limit inflation. .</ P> <P> current federal funds rate to 4.75%, the lowest level last May. .</ P> <P> S & P financial index <. GSPF> rose 4.5% rate cut is conducive to bank profitability. .Citigroup rose 5.2%, to $ 48.44. .JPMorgan Chase rose 5.6%, to $ 47.82. .</ P> <P> real estate stocks have held up quite well, the Dow Jones U.S. Home Construction Index <. DJUSHB> jumped 6%. .</ P> <P> the first time in four years the Fed cut interest rates by more than expected </ P> <P> U.S. Federal Reserve's policy meeting today, its benchmark interest rate - overnight lending between banks by 0.5 percentage point cut in interest rates .from the current 4.75% to 5.25%. .This is the Federal Reserve since June 2003 reduced its benchmark interest rate for the first time, but also the Federal Reserve from August 17 to lower its discount rate again after the rescue act. .This is Wall Street looking forward to the news has been a long time after, although Wall Street had expected the Fed cut interest rates a virtual certainty, but there has been reduced to half or quarter point of the debate a little, and most economists tend to fall a quarter point .more likely. .Present results clearly exceeded market expectations, analysts believe that this shows that the Fed is worried about the deepening U.S. economic outlook, Wall Street's troubled subprime mortgage crisis may generate more negative macroeconomic effects. .</ P>.