Stocks Streak 330.58 Points on Rate Cut.

Looks at the response of United States financial markets to the Federal Reserve's unexpected October 15, 1998 cut in interest rates. The Dow Jones industrial average's achievement of its third-biggest point gain in history; Gains for banking and brokerages resulting in firm stocks; Overall performance of the Dow industrials for 1998; Other indexes, including the Nasdaq composite index; Rates for the 30-year bellwether Treasury bond.