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Wall Street ends higher as rate cuts soothe


    NEW YORK (Reuters) - Stocks rose on Thursday as investors snapped up shares trading near their lowest levels in five years on optimism that aggressive rate cuts by global central banks, including the Federal Reserve, will help cushion a worldwide economic downturn.

    According the latest available figures, the Dow Jones industrial average was up 192.27 points, or 2.14 percent, at 9,183.23. The Standard & Poor's 500 Index was up 23.85 points, or 2.56 percent, at 953.94. The Nasdaq Composite Index was up 41.31 points, or 2.49 percent, at 1,698.52.

    (Reporting by Kristina Cooke; Editing by Kenneth Barry)