The Fed Throws a Surprise, and It's a Party for Tech
The Federal Reserve's
surprise decision to make an intermeeting cut to the federal funds rate
threw plutonium into a market that was already reacting well. Moderate early morning gains went thermonuclear shortly after 11 a.m., with technology companies soaring to double-digit percentage-point gains.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 12,890.46 | 1,351.95 | 2,927.23 | 20.47 |
Oil *
118.75
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UP
6.51 |
UP
1.99 |
UP
11.37 |
UP
0.72 |
10 Yr
2.05%
SPDR Gold
168.02
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+0.05%
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+0.39%
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+3.65%
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