Wall Street rallies to cap worst January in seven years | Reuters

NEW YORK Wall Street surged more than 2 percent on Friday after the Bank of Japan unexpectedly cut interest rates and Microsoft (MSFT.O) led a strong rally in technology shares, repairing some of the damage to the S&P 500's worst January since 2009.

The Dow Jones industrial average .DJI rose 390.08 points, or 2.43 percent, to 16,459.72, the S&P 500 .SPX gained 46 points, or 2.43 percent, to 1,939.36 and the Nasdaq Composite .IXIC added 107.28 points, or 2.38 percent, to 4,613.95.

(Reporting by Chuck Mikolajczak; Editing by James Dalgleish)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Jan 30, 2016 03:15 AM

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