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US stocks jump after surprise rate cut from China

The Wall Street subway stop on Broadway, in New York's Financial District, Thursday, Oct. 2, 2014. U.S. financial markets surged in early trading Friday, Nov. 21, 2014 as investors cheered a surprise interest rate cut in China and a hint of further stimulus for Europe from the head of the region's central bank. The rally extended gains from a day before, pushing the major market indexes further into record territory. (AP Photo/Richard Drew)U.S. stocks rose in midday trading Friday, on pace to extend their record highs from a day earlier. News of an interest rate cut in China and the possibility that Europe's central bank will do more to stimulate economic growth drove the rally. Investors also pored over a mixed bag of corporate earnings.


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