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   P530    Teletext   530 Jul 8 21:11530

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 ------------- REPORT ------------------

       DOW JONES INDUSTRIAL INDEX       

       at Friday CLOSE 4702.73 +38.73   

       Change on week +146-63 X+3-21%)  

                                        

 Wall Street stocks roared to new record

 levels in a "buying panic" spree after 

 lhe Federal Reserve eased rates.       

                                        

 The 0-25% cut in short-term rates came 

 after the second day of a meeting of   

 the Federal Open Markets CommUttee.    

                                        

 Analysts had been splUt on the outcome 

 of the talks.                          

 ---------------------------------------

    City headlines 500 Index 501        

     COMMS/PC APPOINTMENTS SEE p641     

                                        

 Europe   SharesA-H   SharesI-Z   FTSE  

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