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 | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
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