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Urgent: Nasdaq ends above 5,000 amid data, Chinese rate cut

Xinhua, March 3, 2015 Adjust font size:

U.S. stocks surged to records Monday, with the Nasdaq Composite Index above the round-number mark of 5,000 points for the first time since March 2000, as investors meditated on economic data and an interest rate cut in China.

Both the Dow and the Nasdaq added 0.9 percent, while the S&P 500 gained 0.6 percent. Endite