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Updated from 2:34 p.m. EST with new stock prices
Tech stocks rallied Wednesday on news that the Federal Reserve cut interest rates by 50 basis points.
Shares of Flextronics(FLEX Quote) gained $1.29, or 12.5%, to $11.60 after the company beat analysts expectations for the third quarter.
The company reported a profit of $250 million, or 30 cents a share, excluding one-time items, that was 7 cents higher than a year ago and better than analysts' EPS expectations of 26 cents a share. Revenue rose 67% to $9.1 billion compared with $5.41 billion a year ago. ...
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