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Friday, January 29, 2016

Equity Tips

Wall Street surged over 2 percent on Friday after the Bank of Japan unexpectedly cut interest rates and Microsoft led a major rally in technology shares, repairing some of the damage to the S&P 500's worst January since 2009.

The index rose 2.48 percent on Friday, its strongest day since September.

Global equities got a surprise boost on Friday after Japan's central bank cut a benchmark rate below zero to stimulate its economy.

Stocks were also lifted by weak fourth-quarter US gross domestic product growth data, which bolstered arguments that the Federal Reserve might go slower than expected on future rate hikes.

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