US flies but FTSE shies after Fed rate cut

Experian has made the largest early gains, climbing 10.5p to 370.75, followed by Smiths Group, up 21p to 968p, and Yell Group. However, these gains are being stemmed by significant losses for HBOS down 41.5p, or 8.64%, to 438.75p, and retail group Next, down 66p to £11.13. The Royal Bank of Scotland is also suffering in early trading and has dropped 17.25p in share value to 308.75p. No such trouble in the US, where the Dow Jones is flying after the Federal Reserve intervention. The index climbed 420.41 points yesterday, or 3.51%, to 12,392.66, and not a single Dow Jones company lost sha...