U.S. stocks extend gains amid rate cut hope


NEW YORK, April 24 (Xinhua) -- U.S. stocks ended higher on Thursday, after comments by a Federal Reserve official bolstered odds that the central bank will cut interest rates as early as June.

The Dow Jones Industrial Average rose 486.83 points, or 1.23 percent, to 40,093.4. The S&P 500 added 108.91 points, or 2.03 percent, to 5,484.77. The Nasdaq Composite Index increased by 457.99 points, or 2.74 percent, to 17,166.04.

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