New York, June 28 (BridgeNews) - U.S. stocks rose sharply one day after the Federal Reserve's modest rate cut, as investors cheered some upbeat corporate news including a favorable ruling for Microsoft (MSFT) in the government's landmark antitrust case. The Nasdaq closed up 50.91, or 2.45%, at 2125.65. The Dow closed up 131.37, or 1.26%, at 10,566.21.